Essendant Inc (ESND) Position Lessened by Gotham Asset Management LLC

Gotham Asset Management LLC cut its holdings in Essendant Inc (NASDAQ:ESND) by 63.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,720 shares of the company’s stock after selling 28,738 shares during the quarter. Gotham Asset Management LLC’s holdings in Essendant were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Two Sigma Investments LP grew its stake in shares of Essendant by 45.1% in the fourth quarter. Two Sigma Investments LP now owns 237,999 shares of the company’s stock worth $2,206,000 after purchasing an additional 74,020 shares during the last quarter. Two Sigma Advisers LP boosted its position in Essendant by 8.3% during the 4th quarter. Two Sigma Advisers LP now owns 302,566 shares of the company’s stock valued at $2,805,000 after acquiring an additional 23,300 shares in the last quarter. Ellington Management Group LLC boosted its position in Essendant by 40.7% during the 4th quarter. Ellington Management Group LLC now owns 41,500 shares of the company’s stock valued at $385,000 after acquiring an additional 12,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Essendant by 11.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 271,834 shares of the company’s stock valued at $2,520,000 after acquiring an additional 28,786 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in Essendant during the 4th quarter valued at approximately $360,000. 97.06% of the stock is currently owned by institutional investors.

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Essendant stock opened at $8.40 on Friday. The company has a current ratio of 2.17, a quick ratio of 0.99 and a debt-to-equity ratio of 0.99. The company has a market cap of $303.91, a price-to-earnings ratio of 12.03 and a beta of 1.08. Essendant Inc has a fifty-two week low of $7.25 and a fifty-two week high of $18.30.

Essendant (NASDAQ:ESND) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.17. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Essendant had a positive return on equity of 4.53% and a negative net margin of 5.30%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.56 annualized dividend and a yield of 6.67%.

Separately, BidaskClub raised Essendant from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th.

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About Essendant

Essendant Inc operates as a distributor of workplace items in the United States and internationally. It offers janitorial and sanitation supplies, breakroom items, foodservice consumables, safety and security items, and paper and packaging supplies. The company also provides technology products, such as computer accessories, imaging supplies, and data storage products; and computer hardware, including printers and other peripherals.

Institutional Ownership by Quarter for Essendant (NASDAQ:ESND)

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