MSD Partners L.P. Invests $2.41 Million in Emerald Holding, Inc. (NYSE:EEX)

MSD Partners L.P. bought a new position in shares of Emerald Holding, Inc. (NYSE:EEX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 500,000 shares of the company's stock, valued at approximately $2,410,000. Emerald comprises approximately 1.7% of MSD Partners L.P.'s portfolio, making the stock its 7th biggest position. MSD Partners L.P. owned approximately 0.25% of Emerald at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EEX. Raymond James Financial Inc. acquired a new stake in shares of Emerald during the fourth quarter worth $2,970,000. Bank of New York Mellon Corp grew its stake in shares of Emerald by 721.6% during the fourth quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company's stock worth $2,334,000 after purchasing an additional 425,207 shares during the period. Advisory Research Inc. grew its stake in shares of Emerald by 15.4% during the fourth quarter. Advisory Research Inc. now owns 1,309,139 shares of the company's stock worth $6,310,000 after purchasing an additional 175,000 shares during the period. Cannell Capital LLC grew its stake in shares of Emerald by 5.0% during the fourth quarter. Cannell Capital LLC now owns 2,181,027 shares of the company's stock worth $10,513,000 after purchasing an additional 104,299 shares during the period. Finally, American Century Companies Inc. acquired a new stake in shares of Emerald during the fourth quarter worth $210,000. Institutional investors own 14.90% of the company's stock.

Emerald Trading Down 0.6%

NYSE:EEX traded down $0.03 on Friday, reaching $4.66. The company's stock had a trading volume of 81,178 shares, compared to its average volume of 193,797. Emerald Holding, Inc. has a 1-year low of $3.22 and a 1-year high of $6.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $926.68 million, a PE ratio of -8.63 and a beta of 1.05. The business's 50-day moving average price is $3.98 and its two-hundred day moving average price is $4.36.

Emerald (NYSE:EEX - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%. The firm had revenue of $147.70 million during the quarter, compared to analysts' expectations of $134.30 million.

Emerald Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.06 dividend on an annualized basis and a yield of 1.29%. Emerald's payout ratio is 200.00%.

Analyst Ratings Changes

Separately, Rosenblatt Securities reaffirmed a "buy" rating and set a $7.80 price objective on shares of Emerald in a research note on Friday, May 2nd.

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.