Numeric Investors LLC Purchases New Holdings in Essendant Inc. (ESND)
Numeric Investors LLC purchased a new stake in Essendant Inc. (NASDAQ:ESND) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 22,100 shares of the company’s stock, valued at approximately $328,000. Numeric Investors LLC owned approximately 0.06% of Essendant as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its holdings in shares of Essendant by 77.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,344 shares of the company’s stock valued at $108,000 after buying an additional 3,204 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Essendant by 8.5% in the 1st quarter. Mason Street Advisors LLC now owns 8,762 shares of the company’s stock valued at $133,000 after buying an additional 684 shares in the last quarter. Hartford Investment Management Co. bought a new stake in shares of Essendant in the 2nd quarter valued at about $163,000. Nisa Investment Advisors LLC boosted its holdings in shares of Essendant by 5.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 12,900 shares of the company’s stock valued at $191,000 after buying an additional 700 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Essendant by 71.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,523 shares of the company’s stock valued at $215,000 after buying an additional 6,038 shares in the last quarter. Institutional investors and hedge funds own 94.09% of the company’s stock.
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ESND has been the topic of a number of recent analyst reports. BidaskClub cut shares of Essendant from a “hold” rating to a “sell” rating in a report on Monday, July 31st. TheStreet cut shares of Essendant from a “c-” rating to a “d+” rating in a report on Thursday, July 27th. ValuEngine cut shares of Essendant from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Essendant from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.50.
Shares of Essendant Inc. (ESND) opened at 12.99 on Tuesday. The company has a 50-day moving average of $12.58 and a 200-day moving average of $14.16. The firm’s market capitalization is $487.50 million. Essendant Inc. has a 1-year low of $11.26 and a 1-year high of $22.52.
Essendant (NASDAQ:ESND) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.09). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Essendant had a negative net margin of 2.87% and a positive return on equity of 5.75%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. Equities research analysts predict that Essendant Inc. will post $1.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.56 annualized dividend and a yield of 4.31%. Essendant’s dividend payout ratio is currently -13.73%.
Essendant Inc (Essendant) is a wholesale distributor of workplace items. The Company’s product portfolio includes Janitorial, Foodservice and Breakroom Supplies (JanSan), Technology Products, Traditional Office Products, Industrial Supplies, Cut Sheet Paper Products, Automotive Products and Office Furniture.
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