The Manufacturers Life Insurance Company Buys 71,020 Shares of eMagin Corporation $EMA

The Manufacturers Life Insurance Company raised its stake in shares of eMagin Corporation (NYSE:EMA) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,232,687 shares of the company’s stock after purchasing an additional 71,020 shares during the period. The Manufacturers Life Insurance Company’s holdings in eMagin were worth $65,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EMA. State of Tennessee Department of Treasury bought a new stake in shares of eMagin during the 2nd quarter worth $7,749,000. Russell Investments Group Ltd. lifted its position in eMagin by 26.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 107,611 shares of the company’s stock worth $5,164,000 after acquiring an additional 22,654 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in eMagin by 1,375.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock valued at $35,000 after acquiring an additional 660 shares during the period. Venturi Wealth Management LLC grew its position in shares of eMagin by 12.1% in the first quarter. Venturi Wealth Management LLC now owns 8,111 shares of the company’s stock valued at $421,000 after purchasing an additional 877 shares during the last quarter. Finally, DGS Capital Management LLC acquired a new stake in shares of eMagin in the first quarter valued at about $349,000.

eMagin Price Performance

Shares of eMagin stock opened at $49.18 on Friday. eMagin Corporation has a fifty-two week low of $45.77 and a fifty-two week high of $55.49. The firm has a fifty day moving average price of $52.08 and a two-hundred day moving average price of $52.22.

eMagin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a dividend of $0.7325 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 6.0%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EMA shares. Weiss Ratings raised eMagin from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Barclays lowered their target price on eMagin from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, eMagin presently has a consensus rating of “Hold” and an average target price of $53.00.

eMagin Profile

eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL. The company also provides design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye-fatigue; and driver boards.