Essendant Inc. (NASDAQ:ESND) shares reached a new 52-week low on Thursday . The stock traded as low as $18.81 and last traded at $19.17, with a volume of 71,362 shares. The stock had previously closed at $19.30.

Separately, Zacks Investment Research lowered shares of Essendant from a “hold” rating to a “sell” rating in a research note on Monday, April 25th.

The stock’s market cap is $714.98 million. The firm has a 50-day moving average of $24.75 and a 200-day moving average of $29.19.

Essendant (NASDAQ:ESND) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.28. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business posted $0.82 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts predict that Essendant Inc. will post $2.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, September 13th.

A number of hedge funds and institutional investors recently modified their holdings of the company. Employees Retirement System of Texas bought a new position in shares of Essendant during the fourth quarter valued at about $2,048,000. Matarin Capital Management LLC bought a new position in shares of Essendant during the fourth quarter valued at about $6,141,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Essendant by 13.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,850,633 shares of the company’s stock valued at $60,164,000 after buying an additional 219,790 shares in the last quarter.

Essendant Inc (Essendant), formerly United Stationers Inc, is a wholesale distributor of workplace items. The Company stocks an assortment of over 180,000 products in categories, including janitorial and breakroom supplies, technology products, traditional office products, industrial supplies, office furniture, and automotive aftermarket tools and equipment.

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