Dimensional Fund Advisors LP Sells 184,374 Shares of Emerald Holding, Inc. (NYSE:EEX)

Dimensional Fund Advisors LP lowered its stake in shares of Emerald Holding, Inc. (NYSE:EEX) by 66.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,071 shares of the company’s stock after selling 184,374 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Emerald were worth $458,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC bought a new position in shares of Emerald in the 4th quarter valued at about $57,000. XTX Topco Ltd acquired a new stake in shares of Emerald in the 4th quarter valued at approximately $69,000. ExodusPoint Capital Management LP acquired a new stake in shares of Emerald in the 4th quarter valued at approximately $72,000. Victory Capital Management Inc. acquired a new stake in shares of Emerald in the 4th quarter valued at approximately $92,000. Finally, Barclays PLC raised its position in shares of Emerald by 184.2% in the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock valued at $109,000 after acquiring an additional 14,244 shares during the period. Institutional investors own 14.90% of the company’s stock.

Emerald Stock Performance

Shares of NYSE:EEX opened at $4.66 on Friday. The company has a market capitalization of $926.68 million, a price-to-earnings ratio of -8.63 and a beta of 1.05. The firm’s 50 day simple moving average is $3.98 and its 200 day simple moving average is $4.36. 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 Holding, Inc. has a fifty-two week low of $3.22 and a fifty-two week high of $6.74.

Emerald (NYSE:EEX) last announced 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. The firm had revenue of $147.70 million for the quarter, compared to the consensus estimate of $134.30 million. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%.

Emerald Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.015 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.06 annualized dividend and a yield of 1.29%. Emerald’s dividend payout ratio (DPR) is currently 200.00%.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $7.80 price target on shares of Emerald in a research 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.