Advisory Research Inc. Boosts Stock Holdings in Emerald Holding, Inc. (NYSE:EEX)

Advisory Research Inc. lifted its holdings in Emerald Holding, Inc. (NYSE:EEX - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,309,139 shares of the company's stock after buying an additional 175,000 shares during the quarter. Advisory Research Inc. owned approximately 0.64% of Emerald worth $6,310,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EEX. Copeland Capital Management LLC purchased a new stake in Emerald in the fourth quarter worth about $57,000. Virtu Financial LLC purchased a new position in Emerald during the third quarter valued at approximately $67,000. XTX Topco Ltd purchased a new stake in Emerald during the fourth quarter worth $69,000. ExodusPoint Capital Management LP bought a new stake in Emerald during the 4th quarter valued at $72,000. Finally, Victory Capital Management Inc. bought a new position in shares of Emerald in the 4th quarter worth $92,000. Institutional investors own 14.90% of the company's stock.

Emerald Stock Up 3.8 %

EEX stock traded up $0.13 on Tuesday, hitting $3.59. 20,633 shares of the company's stock were exchanged, compared to its average volume of 188,656. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $718.17 million, a P/E ratio of -6.65 and a beta of 0.84. The firm has a 50 day moving average price of $3.91 and a two-hundred day moving average price of $4.37. Emerald Holding, Inc. has a 12-month low of $3.22 and a 12-month high of $6.74.

Emerald (NYSE:EEX - Get Free Report) last posted its quarterly earnings data on Friday, March 14th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $106.80 million during the quarter, compared to the consensus estimate of $108.05 million. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%.

Emerald Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.06 dividend on an annualized basis and a yield of 1.67%. Emerald's dividend payout ratio is presently -120.00%.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reiterated a "buy" rating and issued a $7.80 target price on shares of Emerald in a report on Thursday, March 13th.

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.