Virtu Financial LLC Acquires Shares of 13,463 Emerald Holding, Inc. (NYSE:EEX)

Virtu Financial LLC bought a new position in shares of Emerald Holding, Inc. (NYSE:EEX) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 13,463 shares of the company’s stock, valued at approximately $67,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Emerald in the 3rd quarter worth about $53,000. Barclays PLC boosted its stake in Emerald by 184.2% in the third quarter. Barclays PLC now owns 21,977 shares of the company’s stock valued at $109,000 after acquiring an additional 14,244 shares during the last quarter. Paloma Partners Management Co purchased a new position in Emerald in the third quarter valued at about $164,000. Centiva Capital LP bought a new position in shares of Emerald during the 3rd quarter valued at approximately $169,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Emerald during the 3rd quarter worth approximately $195,000. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Maxim Group reduced their price objective on Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Rosenblatt Securities cut their price target on Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Emerald Stock Performance

NYSE EEX opened at $4.79 on Friday. The company’s 50 day moving average is $4.61 and its 200-day moving average is $5.13. The firm has a market cap of $972.29 million, a P/E ratio of -8.87 and a beta of 1.44. Emerald Holding, Inc. has a 12-month low of $3.92 and a 12-month high of $7.05. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02.

Emerald Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Monday, November 11th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.06 annualized dividend and a dividend yield of 1.25%. Emerald’s dividend payout ratio is currently -11.11%.

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.