Emerald (NYSE:EEX) Sees Large Volume Increase

Emerald Holding, Inc. (NYSE:EEX) saw strong trading volume on Monday . 171,598 shares traded hands during trading, an increase of 60% from the previous session’s volume of 107,122 shares.The stock last traded at $4.76 and had previously closed at $5.41.

Emerald Stock Performance

The company has a 50-day moving average of $5.45 and a 200 day moving average of $5.81. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $998.80 million, a PE ratio of -6.57 and a beta of 1.37.

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

Emerald Dividend Announcement

The business also recently declared 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 was Monday, August 19th. Emerald’s dividend payout ratio (DPR) is currently -40.00%.

Hedge Funds Weigh In On Emerald

A number of large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its stake in shares of Emerald by 21.8% during the first quarter. Assenagon Asset Management S.A. now owns 32,380 shares of the company’s stock valued at $221,000 after buying an additional 5,785 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Emerald by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock valued at $401,000 after buying an additional 3,950 shares during the period. FFT Wealth Management LLC purchased a new position in shares of Emerald during the second quarter valued at approximately $532,000. Thrivent Financial for Lutherans increased its stake in shares of Emerald by 17.8% during 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 during the period. Finally, Renaissance Technologies LLC increased 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 valued at $1,112,000 after buying an additional 16,200 shares during the period. 14.90% of the stock is owned by hedge funds and other institutional investors.

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.