JBF Capital Inc. Takes $622,000 Position in Endeavor Group Holdings, Inc. (NYSE:EDR)

JBF Capital Inc. purchased a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 23,000 shares of the company’s stock, valued at approximately $622,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EDR. PNC Financial Services Group Inc. increased its holdings in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after buying an additional 399 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Endeavor Group by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock worth $1,364,000 after purchasing an additional 898 shares during the last quarter. Comerica Bank raised its holdings in shares of Endeavor Group by 11.7% in the 1st quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after purchasing an additional 1,832 shares during the period. Mirador Capital Partners LP lifted its stake in Endeavor Group by 9.6% in the 1st quarter. Mirador Capital Partners LP now owns 22,125 shares of the company’s stock valued at $569,000 after purchasing an additional 1,941 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new position in Endeavor Group during the second quarter worth about $75,000. Institutional investors own 71.37% of the company’s stock.

Endeavor Group Price Performance

Endeavor Group stock opened at $27.60 on Friday. The company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 50.18 and a beta of 0.77. The stock’s 50 day moving average is $27.41 and its 200-day moving average is $26.61. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. Endeavor Group Holdings, Inc. has a 12 month low of $17.65 and a 12 month high of $27.65.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. Equities research analysts expect that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. Endeavor Group’s payout ratio is presently 43.64%.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 63.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Endeavor Group in a research report on Thursday. They issued a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.86.

About Endeavor Group

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.