Inspire Investing LLC Invests $352,000 in Emerald Holding, Inc. $EEX

Key Points

• Inspire Investing LLC has invested approximately $352,000 in Emerald Holding, acquiring 89,651 shares during Q1.
• Emerald Holdings reported a revenue of $105.50 million for the last quarter, exceeding analysts' expectations, and has set its FY 2025 guidance for EPS.
• The company declared a quarterly dividend of $0.015 per share, resulting in a 1.2% yield, with a high payout ratio of 120%.

Inspire Investing LLC purchased a new position in Emerald Holding, Inc. (NYSE:EEX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,651 shares of the company's stock, valued at approximately $352,000.

Several other institutional investors also recently bought and sold shares of EEX. Northern Trust Corp increased its holdings in Emerald by 11.6% during the 4th quarter. Northern Trust Corp now owns 186,403 shares of the company's stock worth $898,000 after purchasing an additional 19,375 shares during the period. State of Wyoming increased its holdings in shares of Emerald by 36.6% in the 4th quarter. State of Wyoming now owns 86,289 shares of the company's stock valued at $416,000 after acquiring an additional 23,101 shares during the period. Copeland Capital Management LLC increased its holdings in shares of Emerald by 40.5% in the 1st quarter. Copeland Capital Management LLC now owns 16,610 shares of the company's stock valued at $65,000 after acquiring an additional 4,784 shares during the period. Nuveen LLC purchased a new position in shares of Emerald in the 1st quarter valued at $78,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Emerald by 12.3% in the 1st quarter. Hsbc Holdings PLC now owns 39,818 shares of the company's stock valued at $153,000 after acquiring an additional 4,351 shares during the period. 14.90% of the stock is currently owned by hedge funds and other institutional investors.

Emerald Price Performance

Shares of Emerald stock opened at $4.92 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. Emerald Holding, Inc. has a twelve month low of $3.21 and a twelve month high of $5.59. The business has a 50-day moving average price of $5.04 and a 200 day moving average price of $4.54. The firm has a market cap of $974.01 million, a PE ratio of 98.40 and a beta of 1.19.

Emerald (NYSE:EEX - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.01) EPS for the quarter. Emerald had a return on equity of 2.03% and a net margin of 1.83%.The firm had revenue of $105.50 million for the quarter, compared to analysts' expectations of $100.40 million. During the same quarter last year, the firm posted ($0.02) earnings per share. Emerald has set its FY 2025 guidance at EPS.

Emerald Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 14th. Emerald's payout ratio is 120.00%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EEX. Rosenblatt Securities boosted their target price on Emerald from $7.80 to $7.90 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Wall Street Zen upgraded Emerald from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $7.95.

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.

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