Wellington Management Group LLP Purchases Shares of 55,176 eMagin Corporation $EMA

Wellington Management Group LLP purchased a new position in shares of eMagin Corporation (NYSE:EMA) in the second quarter, according to its most recent filing with the SEC. The firm purchased 55,176 shares of the company’s stock, valued at approximately $2,926,000.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in eMagin by 15.0% during the second quarter. Versant Capital Management Inc now owns 7,396 shares of the company’s stock worth $392,000 after purchasing an additional 963 shares during the period. Rathbones Group PLC lifted its stake in eMagin by 0.3% in the first quarter. Rathbones Group PLC now owns 58,900 shares of the company’s stock valued at $3,043,000 after buying an additional 200 shares during the period. Parallel Advisors LLC lifted its stake in eMagin by 130.9% in the first quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock valued at $26,000 after buying an additional 288 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of eMagin by 54.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock worth $57,000 after buying an additional 385 shares in the last quarter. Finally, DGS Capital Management LLC bought a new position in shares of eMagin during the 1st quarter worth approximately $349,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on EMA. Barclays dropped their target price on shares of eMagin from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, August 10th. Weiss Ratings upgraded shares of eMagin from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.00.

eMagin Stock Down 1.7%

Shares of EMA opened at $49.54 on Friday. The stock has a 50 day moving average of $52.17 and a 200 day moving average of $52.24. eMagin Corporation has a 12 month low of $45.77 and a 12 month high of $55.49.

eMagin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid a $0.7325 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, August 3rd.

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.