Emerald Holding, Inc. (EEX) to Issue Quarterly Dividend of $0.02 on April 2nd

Emerald Holding, Inc. (NYSE:EEX) declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Monday, March 23rd will be paid a dividend of 0.015 per share on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, March 23rd.

Emerald has decreased its dividend by an average of 0.1%per year over the last three years. Emerald has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings.

Emerald Trading Up 0.2%

NYSE EEX opened at $4.52 on Friday. The business’s fifty day moving average is $4.62 and its 200-day moving average is $4.53. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $894.55 million, a price-to-earnings ratio of -30.13 and a beta of 0.63. Emerald has a one year low of $3.21 and a one year high of $5.45.

Emerald (NYSE:EEX) last posted its quarterly earnings data on Friday, March 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.19). Emerald had a negative return on equity of 8.24% and a negative net margin of 6.62%.The company had revenue of $132.70 million for the quarter, compared to analysts’ expectations of $131.00 million.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EEX. Jane Street Group LLC raised its holdings in shares of Emerald by 239.7% in the 4th quarter. Jane Street Group LLC now owns 82,034 shares of the company’s stock valued at $367,000 after acquiring an additional 57,886 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Emerald by 58.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 38,972 shares of the company’s stock worth $174,000 after acquiring an additional 14,366 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Emerald by 7.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 59,062 shares of the company’s stock valued at $264,000 after purchasing an additional 4,133 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Emerald by 26.0% during the third quarter. Squarepoint Ops LLC now owns 47,364 shares of the company’s stock worth $241,000 after purchasing an additional 9,787 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Emerald by 103.7% in the 2nd quarter. XTX Topco Ltd now owns 30,127 shares of the company’s stock worth $146,000 after purchasing an additional 15,339 shares in the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

About Emerald

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.