MSD Partners L.P. Takes Position in Emerald Holding, Inc. (NYSE:EEX)

MSD Partners L.P. bought a new stake in shares of Emerald Holding, Inc. (NYSE:EEX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 500,000 shares of the company's stock, valued at approximately $2,410,000. Emerald makes up 1.7% of MSD Partners L.P.'s investment portfolio, making the stock its 7th largest holding. MSD Partners L.P. owned about 0.25% of Emerald at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Copeland Capital Management LLC purchased a new position in shares of Emerald in the 4th quarter worth $57,000. Two Sigma Securities LLC purchased a new position in Emerald in the 4th quarter worth $62,000. XTX Topco Ltd acquired a new stake in Emerald during the 4th quarter worth about $69,000. ExodusPoint Capital Management LP acquired a new stake in shares of Emerald during the 4th quarter valued at about $72,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Emerald during the 4th quarter valued at about $92,000. 14.90% of the stock is currently owned by hedge funds and other institutional investors.

Emerald Trading Down 0.7%

Shares of EEX stock traded down $0.04 on Monday, hitting $4.64. The stock had a trading volume of 10,931 shares, compared to its average volume of 135,633. The company's 50 day moving average price is $3.98 and its 200-day moving average price is $4.37. Emerald Holding, Inc. has a 1 year low of $3.21 and a 1 year high of $6.74. The firm has a market capitalization of $921.71 million, a P/E ratio of -8.58 and a beta of 1.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27.

Emerald (NYSE:EEX - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.08 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 company had revenue of $147.70 million during the quarter, compared to analysts' expectations of $134.30 million.

Emerald Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 12th will be given 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 dividend payout ratio (DPR) is presently 200.00%.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reiterated a "buy" rating and issued a $7.80 price objective on shares of Emerald in a report 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.