Insider Selling: Emerald Expositions Events Inc (EEX) Insider Sells 39,540 Shares of Stock

Emerald Expositions Events Inc (NYSE:EEX) insider Joseph Randall sold 39,540 shares of Emerald Expositions Events stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $21.32, for a total value of $842,992.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Emerald Expositions Events Inc (NYSE:EEX) opened at $21.95 on Monday. Emerald Expositions Events Inc has a 12-month low of $18.67 and a 12-month high of $24.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.63.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.28%.

A number of large investors have recently added to or reduced their stakes in EEX. Kayne Anderson Rudnick Investment Management LLC boosted its position in Emerald Expositions Events by 1,879.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,238,144 shares of the company’s stock valued at $52,014,000 after purchasing an additional 2,125,071 shares during the period. Vanguard Group Inc. acquired a new position in Emerald Expositions Events during the 2nd quarter valued at approximately $27,309,000. Sutton Square Management L.P. acquired a new position in Emerald Expositions Events during the 4th quarter valued at approximately $5,394,000. Lazard Asset Management LLC boosted its position in Emerald Expositions Events by 19.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,550,340 shares of the company’s stock valued at $31,533,000 after purchasing an additional 252,092 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Emerald Expositions Events by 506.4% during the 3rd quarter. Wells Fargo & Company MN now owns 270,657 shares of the company’s stock valued at $6,291,000 after purchasing an additional 226,026 shares during the period. Institutional investors and hedge funds own 27.07% of the company’s stock.

Several brokerages have recently commented on EEX. Goldman Sachs Group lowered Emerald Expositions Events from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded Emerald Expositions Events from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday, January 19th. Finally, Robert W. Baird lifted their target price on Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $24.36.

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About Emerald Expositions Events

Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.

Insider Buying and Selling by Quarter for Emerald Expositions Events (NYSE:EEX)

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