Inspire Investing LLC Buys New Stake 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 stake in shares of Emerald Holding, Inc. (NYSE:EEX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 89,651 shares of the company's stock, valued at approximately $352,000.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp lifted its position in Emerald by 11.6% during the fourth quarter. Northern Trust Corp now owns 186,403 shares of the company's stock valued at $898,000 after purchasing an additional 19,375 shares during the period. State of Wyoming raised its position in Emerald by 36.6% in the fourth quarter. State of Wyoming now owns 86,289 shares of the company's stock worth $416,000 after acquiring an additional 23,101 shares during the period. Copeland Capital Management LLC raised its position in Emerald by 40.5% in the first quarter. Copeland Capital Management LLC now owns 16,610 shares of the company's stock worth $65,000 after acquiring an additional 4,784 shares during the period. Nuveen LLC bought a new position in Emerald in the first quarter worth approximately $78,000. Finally, Hsbc Holdings PLC raised its position in Emerald by 12.3% in the first quarter. Hsbc Holdings PLC now owns 39,818 shares of the company's stock worth $153,000 after acquiring an additional 4,351 shares during the period. Hedge funds and other institutional investors own 14.90% of the company's stock.

Analysts Set New Price Targets

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

Emerald Price Performance

Shares of EEX stock traded down $0.07 on Friday, hitting $5.08. 292,455 shares of the stock traded hands, compared to its average volume of 39,647. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 101.60 and a beta of 1.19. Emerald Holding, Inc. has a 52 week low of $3.21 and a 52 week high of $5.45. The firm has a 50 day simple moving average of $5.02 and a two-hundred day simple moving average of $4.57. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05.

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

Emerald Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors 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 of this dividend was Thursday, August 14th. Emerald's dividend payout ratio (DPR) is presently 120.00%.

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.