Emerald Holding, Inc. (NYSE:EEX) Shares Sold by Littlejohn & Co. LLC

Littlejohn & Co. LLC trimmed its holdings in shares of Emerald Holding, Inc. (NYSE:EEX) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,358 shares of the company’s stock after selling 104,719 shares during the quarter. Emerald accounts for about 0.6% of Littlejohn & Co. LLC’s portfolio, making the stock its 9th largest position. Littlejohn & Co. LLC owned approximately 0.13% of Emerald worth $1,250,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Separately, Rosenblatt Securities reissued a “buy” rating and set a $7.80 price target on shares of Emerald in a research report on Friday, May 2nd.

Emerald Stock Performance

NYSE EEX opened at $4.68 on Monday. The firm has a market capitalization of $930.66 million, a P/E ratio of -8.67 and a beta of 1.05. The stock has a 50-day simple moving average of $3.90 and a two-hundred day simple moving average of $4.36. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. Emerald Holding, Inc. has a fifty-two week low of $3.22 and a fifty-two week high of $6.74.

Emerald (NYSE:EEX) last posted its earnings results on Thursday, May 1st. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $134.30 million.

Emerald Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 12th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, May 12th. Emerald’s dividend payout ratio is currently 200.00%.

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.