Emerald (NYSE:EEX) Shares Gap Down - What's Next?

Emerald Holding, Inc. (NYSE:EEX - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $4.09, but opened at $3.99. Emerald shares last traded at $4.28, with a volume of 16,275 shares changing hands.

Analyst Ratings Changes

Separately, Rosenblatt Securities reiterated a "buy" rating and set a $7.80 price objective on shares of Emerald in a research note on Thursday, March 13th.

Emerald Stock Down 4.5 %

The firm has a 50-day simple moving average of $4.33 and a 200 day simple moving average of $4.61. The company has a market capitalization of $794.68 million, a PE ratio of -7.25 and a beta of 1.31. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27.

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

Emerald Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.015 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.06 annualized dividend and a dividend yield of 1.53%. Emerald's dividend payout ratio (DPR) is presently -120.00%.

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Institutional Investors Weigh In On Emerald

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EEX. Raymond James Financial Inc. acquired a new stake in shares of Emerald during the fourth quarter valued at about $2,970,000. MSD Partners L.P. purchased a new position in Emerald in the fourth quarter valued at about $2,410,000. Bank of New York Mellon Corp boosted its holdings in Emerald by 721.6% in the fourth quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company's stock valued at $2,334,000 after purchasing an additional 425,207 shares during the last quarter. Jane Street Group LLC grew its stake in Emerald by 1,249.7% during the 3rd quarter. Jane Street Group LLC now owns 352,566 shares of the company's stock valued at $1,759,000 after purchasing an additional 326,445 shares in the last quarter. Finally, Advisory Research Inc. increased its holdings in Emerald by 15.4% during the 4th quarter. Advisory Research Inc. now owns 1,309,139 shares of the company's stock worth $6,310,000 after purchasing an additional 175,000 shares during the last quarter. Hedge funds and other 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.