Emerald (NYSE:EEX) Shares Down 3.1%

Emerald Holding, Inc. (NYSE:EEX) shares traded down 3.1% during mid-day trading on Thursday . The company traded as low as $4.73 and last traded at $4.73. 189,614 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 124,036 shares. The stock had previously closed at $4.88.

Emerald Price Performance

The firm has a market cap of $956.00 million, a PE ratio of -6.39 and a beta of 1.37. The stock’s fifty day moving average price is $5.44 and its 200-day moving average price is $5.80. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.34 and a current ratio of 1.34.

Emerald (NYSE:EEX) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. The company had revenue of $86.00 million during the quarter. Emerald had a net margin of 0.25% and a return on equity of 3.53%.

Emerald Dividend Announcement

The company also recently declared a — dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 19th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Monday, August 19th. Emerald’s dividend payout ratio (DPR) is presently -40.00%.

Institutional Investors Weigh In On Emerald

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cannell Capital LLC increased its position in Emerald by 30.8% during the fourth quarter. Cannell Capital LLC now owns 1,192,951 shares of the company’s stock worth $7,134,000 after buying an additional 280,744 shares in the last quarter. FFT Wealth Management LLC purchased a new stake in Emerald during the 2nd quarter worth about $532,000. Thrivent Financial for Lutherans raised its stake in Emerald by 17.8% in 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. Renaissance Technologies LLC lifted its holdings in Emerald by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock valued at $1,112,000 after purchasing an additional 16,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Emerald by 21.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 32,380 shares of the company’s stock worth $221,000 after purchasing an additional 5,785 shares during the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

About Emerald

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.