GSA Capital Partners LLP Makes New Investment in Endeavor Group Holdings, Inc. (NYSE:EDR)

GSA Capital Partners LLP purchased a new stake in Endeavor Group Holdings, Inc. (NYSE:EDR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,735 shares of the company’s stock, valued at approximately $364,000.

Several other large investors have also modified their holdings of EDR. Longfellow Investment Management Co. LLC acquired a new stake in Endeavor Group during the second quarter worth approximately $75,000. DekaBank Deutsche Girozentrale acquired a new stake in Endeavor Group during the first quarter worth approximately $102,000. SG Americas Securities LLC acquired a new stake in Endeavor Group during the second quarter worth approximately $130,000. CIBC Asset Management Inc acquired a new stake in Endeavor Group during the second quarter worth approximately $226,000. Finally, ProShare Advisors LLC acquired a new stake in Endeavor Group during the second quarter worth approximately $255,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 48,176 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value of $1,399,031.04. Following the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at approximately $53,179,412.88. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 225,272 shares of company stock valued at $6,372,925 over the last quarter. Company insiders own 63.90% of the company’s stock.

Endeavor Group Stock Performance

NYSE:EDR opened at $29.52 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The company has a market cap of $20.19 billion, a P/E ratio of -14.40 and a beta of 0.77. Endeavor Group Holdings, Inc. has a fifty-two week low of $22.64 and a fifty-two week high of $29.67. The firm’s 50 day moving average is $28.86 and its two-hundred day moving average is $27.72.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Monday, September 16th. Endeavor Group’s dividend payout ratio is currently -11.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Endeavor Group in a research report on Friday, November 15th. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.86.

Endeavor Group Company Profile

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.