Littlejohn & Co. LLC Sells 806,879 Shares of Emerald Holding, Inc. (NYSE:EEX)

Littlejohn & Co. LLC trimmed its stake in shares of Emerald Holding, Inc. (NYSE:EEX) by 68.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,077 shares of the company’s stock after selling 806,879 shares during the quarter. Emerald makes up about 0.9% of Littlejohn & Co. LLC’s portfolio, making the stock its 9th largest holding. Littlejohn & Co. LLC’s holdings in Emerald were worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Emerald in the 3rd quarter valued at approximately $53,000. Dynamic Technology Lab Private Ltd acquired a new position in Emerald in the 3rd quarter valued at approximately $222,000. Bank of New York Mellon Corp raised its stake in shares of Emerald by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock valued at $401,000 after acquiring an additional 3,950 shares during the last quarter. FFT Wealth Management LLC acquired a new position in shares of Emerald during the second quarter worth $532,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Emerald by 17.8% during the second quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock worth $719,000 after purchasing an additional 19,156 shares during the period. Institutional investors and hedge funds own 14.90% of the company’s stock.

Emerald Stock Up 4.1 %

Shares of NYSE:EEX opened at $5.06 on Monday. The business’s 50-day moving average is $4.53 and its 200-day moving average is $5.26. Emerald Holding, Inc. has a 1 year low of $3.92 and a 1 year high of $7.05. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Monday, November 11th were issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, November 8th. Emerald’s payout ratio is -11.11%.

Analyst Ratings Changes

Several analysts recently commented on EEX shares. Rosenblatt Securities reduced their target price on Emerald from $8.40 to $7.80 and set a “buy” rating on the stock in a report on Thursday, October 31st. Maxim Group decreased their price objective on shares of Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.

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.