Bank of New York Mellon Corp increased its holdings in Emerald Holding, Inc. (NYSE:EEX – Free Report) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,486 shares of the company’s stock after buying an additional 3,950 shares during the quarter. Bank of New York Mellon Corp’s holdings in Emerald were worth $401,000 at the end of the most recent reporting period.
Separately, Cannell Capital LLC grew its stake in shares of Emerald by 30.8% during the 4th quarter. Cannell Capital LLC now owns 1,192,951 shares of the company’s stock valued at $7,134,000 after acquiring an additional 280,744 shares during the period. Hedge funds and other institutional investors own 14.90% of the company’s stock.
Emerald Stock Up 5.6 %
EEX opened at $4.88 on Thursday. Emerald Holding, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $7.05. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $995.18 million, a price-to-earnings ratio of -6.51 and a beta of 1.37. The firm’s fifty day moving average is $5.34 and its 200 day moving average is $5.77.
Emerald Announces Dividend
The company also recently disclosed a — dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 19th were paid a $0.015 dividend. The ex-dividend date of this dividend was Monday, August 19th.
Emerald Profile
Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.
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