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

JBF Capital Inc. acquired a new position in shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 23,000 shares of the company's stock, valued at approximately $622,000.

Several other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock valued at $76,000 after acquiring an additional 399 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Endeavor Group by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 50,444 shares of the company's stock valued at $1,364,000 after purchasing an additional 898 shares during the period. Comerica Bank boosted its position in shares of Endeavor Group by 11.7% in the 1st quarter. Comerica Bank now owns 17,529 shares of the company's stock valued at $451,000 after purchasing an additional 1,832 shares during the period. Mirador Capital Partners LP grew its stake in Endeavor Group by 9.6% during the 1st quarter. Mirador Capital Partners LP now owns 22,125 shares of the company's stock worth $569,000 after buying an additional 1,941 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC acquired a new position in Endeavor Group during the second quarter worth approximately $75,000. Institutional investors and hedge funds own 71.37% of the company's stock.

Endeavor Group Stock Performance

Shares of NYSE EDR traded down $0.04 during mid-day trading on Friday, hitting $27.60. 4,116,340 shares of the company were exchanged, compared to its average volume of 3,695,729. The stock has a 50 day simple moving average of $27.41 and a 200-day simple moving average of $26.63. Endeavor Group Holdings, Inc. has a 1-year low of $17.65 and a 1-year high of $27.65. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market cap of $18.89 billion, a price-to-earnings ratio of 50.18 and a beta of 0.77.

Endeavor Group (NYSE:EDR - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. On average, sell-side analysts forecast that Endeavor Group Holdings, Inc. will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group's payout ratio is 43.64%.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,551,501.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 63.90% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Endeavor Group in a research report on Thursday. They set a "hold" rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $27.86.

About Endeavor Group

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.