Raymond James Financial Inc. Purchases Shares of 616,214 Emerald Holding, Inc. (NYSE:EEX)

Raymond James Financial Inc. purchased a new position in shares of Emerald Holding, Inc. (NYSE:EEX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 616,214 shares of the company's stock, valued at approximately $2,970,000. Raymond James Financial Inc. owned about 0.30% of Emerald as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Copeland Capital Management LLC acquired a new stake in Emerald in the 4th quarter worth approximately $57,000. Virtu Financial LLC acquired a new stake in shares of Emerald in the third quarter worth $67,000. Victory Capital Management Inc. bought a new stake in shares of Emerald during the 4th quarter worth $92,000. Barclays PLC grew its stake in Emerald by 184.2% in the 3rd quarter. Barclays PLC now owns 21,977 shares of the company's stock valued at $109,000 after buying an additional 14,244 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in Emerald in the 3rd quarter worth $164,000. Institutional investors own 14.90% of the company's stock.

Analysts Set New Price Targets

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

Emerald Stock Performance

Shares of EEX traded up $0.04 during mid-day trading on Wednesday, hitting $3.94. The company's stock had a trading volume of 113,091 shares, compared to its average volume of 183,370. Emerald Holding, Inc. has a one year low of $3.55 and a one year high of $6.74. The stock's 50-day moving average is $4.19 and its two-hundred day moving average is $4.49. The firm has a market capitalization of $788.19 million, a PE ratio of -7.30 and a beta of 1.31. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27.

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Emerald (NYSE:EEX - Get Free Report) last issued its quarterly earnings results on Friday, March 14th. The company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. The firm 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a $0.015 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.06 annualized dividend and a yield of 1.52%. Emerald's dividend payout ratio (DPR) is -120.00%.

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.