Citadel Advisors LLC decreased its position in shares of Essendant Inc (NASDAQ:ESND) by 81.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,265 shares of the company’s stock after selling 136,143 shares during the period. Citadel Advisors LLC owned about 0.08% of Essendant worth $400,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in Essendant in the 2nd quarter valued at about $2,110,000. Harvest Management LLC acquired a new stake in Essendant in the 2nd quarter valued at about $132,000. Hartford Investment Management Co. acquired a new stake in Essendant in the 2nd quarter valued at about $566,000. Systematic Financial Management LP raised its position in Essendant by 27.2% in the 1st quarter. Systematic Financial Management LP now owns 184,653 shares of the company’s stock valued at $1,440,000 after purchasing an additional 39,445 shares in the last quarter. Finally, Pzena Investment Management LLC raised its position in Essendant by 1.5% in the 2nd quarter. Pzena Investment Management LLC now owns 4,940,224 shares of the company’s stock valued at $65,310,000 after purchasing an additional 73,334 shares in the last quarter. 83.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on ESND. BidaskClub raised Essendant from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet raised Essendant from a “d+” rating to a “c” rating in a research report on Friday, July 27th.
Shares of ESND traded down $0.01 during mid-day trading on Friday, reaching $12.69. The company’s stock had a trading volume of 297,926 shares, compared to its average volume of 397,174. Essendant Inc has a 12-month low of $7.20 and a 12-month high of $17.08. The company has a market cap of $482.60 million, a P/E ratio of 71.22 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 2.03.
Essendant (NASDAQ:ESND) last released its quarterly earnings data on Thursday, July 26th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. Essendant had a positive return on equity of 1.51% and a negative net margin of 2.70%. The business had revenue of $1.25 billion for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 14th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.41%.
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.
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