Emerald (NYSE:EEX) Shares Gap Down to $4.91

Emerald Holding, Inc. (NYSE:EEX)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $4.91, but opened at $4.81. Emerald shares last traded at $4.53, with a volume of 10,573 shares.

Emerald Price Performance

The company has a fifty day simple moving average of $5.45 and a two-hundred day simple moving average of $5.81. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -6.55 and a beta of 1.37. 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) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. The business had revenue of $86.00 million during the quarter. Emerald had a return on equity of 3.53% and a net margin of 0.25%.

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 issued 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 large investors have recently modified their holdings of EEX. Assenagon Asset Management S.A. lifted its holdings in shares of Emerald by 21.8% in the first quarter. Assenagon Asset Management S.A. now owns 32,380 shares of the company’s stock worth $221,000 after acquiring an additional 5,785 shares during the last quarter. Bank of New York Mellon Corp increased its position in Emerald by 5.9% during 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 bought a new position in Emerald in the 2nd quarter valued at approximately $532,000. Thrivent Financial for Lutherans boosted its position in Emerald by 17.8% in the second quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock valued at $719,000 after buying an additional 19,156 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Emerald by 9.0% during the second quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock worth $1,112,000 after buying an additional 16,200 shares during the last quarter. Institutional investors and hedge funds 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.