Emerald (NYSE:EEX) Reaches New 52-Week Low – Time to Sell?

Emerald Holding, Inc. (NYSE:EEX) reached a new 52-week low on Wednesday . The stock traded as low as $3.68 and last traded at $3.71, with a volume of 106601 shares changing hands. The stock had previously closed at $3.84.

Emerald Stock Down 3.4 %

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50-day moving average of $4.43 and a two-hundred day moving average of $4.67. The company has a market capitalization of $753.07 million, a PE ratio of -6.87 and a beta of 1.31.

Emerald Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a dividend of $0.015 per share. The ex-dividend date is Monday, March 10th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.62%. Emerald’s dividend payout ratio (DPR) is presently -11.11%.

Institutional Investors Weigh In On Emerald

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Emerald in the fourth quarter worth approximately $2,970,000. MSD Partners L.P. purchased a new position in shares of Emerald during the 4th quarter valued at $2,410,000. Bank of New York Mellon Corp increased its stake in Emerald by 721.6% in the 4th quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company’s stock worth $2,334,000 after buying an additional 425,207 shares in the last quarter. Jane Street Group LLC raised its holdings in Emerald by 1,249.7% during the third quarter. Jane Street Group LLC now owns 352,566 shares of the company’s stock valued at $1,759,000 after acquiring an additional 326,445 shares during the period. Finally, Advisory Research Inc. lifted its position in shares of Emerald by 15.4% in the fourth quarter. Advisory Research Inc. now owns 1,309,139 shares of the company’s stock valued at $6,310,000 after acquiring an additional 175,000 shares in the last quarter. Institutional investors own 14.90% of the company’s stock.

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.