Emerald (NYSE:EEX) Trading Down 3.1%

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

Emerald Trading Down 6.2 %

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $896.88 million, a PE ratio of -5.87 and a beta of 1.37. The stock’s 50 day simple moving average is $5.41 and its two-hundred day simple moving average is $5.79.

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

Emerald Dividend Announcement

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

Institutional Trading of Emerald

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of Emerald by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock valued at $401,000 after purchasing an additional 3,950 shares during the period. FFT Wealth Management LLC bought a new stake in shares of Emerald in the second quarter valued at approximately $532,000. Thrivent Financial for Lutherans raised its position in shares of 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 purchasing an additional 19,156 shares during the period. Renaissance Technologies LLC increased its holdings in Emerald by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock worth $1,112,000 after acquiring an additional 16,200 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Emerald by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock worth $1,531,000 after acquiring an additional 2,624 shares during the period. Institutional investors own 14.90% of the company’s stock.

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.