44,584 Shares in Emerald Holding, Inc. (NYSE:EEX) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Emerald Holding, Inc. (NYSE:EEX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,584 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Emerald in the third quarter worth $53,000. Bank of New York Mellon Corp boosted its stake in Emerald by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock worth $401,000 after purchasing an additional 3,950 shares in the last quarter. FFT Wealth Management LLC purchased a new stake in Emerald during the 2nd quarter valued at about $532,000. Thrivent Financial for Lutherans grew its position in Emerald by 17.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock valued at $719,000 after purchasing an additional 19,156 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Emerald by 247.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 148,201 shares of the company’s stock valued at $740,000 after purchasing an additional 105,535 shares in the last quarter. Institutional investors own 14.90% of the company’s stock.

Emerald Price Performance

Shares of NYSE:EEX opened at $4.92 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $998.66 million, a price-to-earnings ratio of -9.20 and a beta of 1.39. The business has a 50-day simple moving average of $4.54 and a two-hundred day simple moving average of $5.23. Emerald Holding, Inc. has a fifty-two week low of $3.92 and a fifty-two week high of $7.05.

Emerald Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Monday, November 11th were given a dividend of $0.015 per share. The ex-dividend date was Friday, November 8th. This represents a $0.06 dividend on an annualized basis and a yield of 1.22%. Emerald’s dividend payout ratio (DPR) is -11.11%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EEX shares. Maxim Group dropped their target price on shares of Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Rosenblatt Securities lowered their price objective on Emerald from $8.40 to $7.80 and set a “buy” rating on the stock in a research report on Thursday, October 31st.

Emerald Company 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.