Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Essendant Inc (NASDAQ:ESND) by 23.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,185 shares of the company’s stock after buying an additional 45,698 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Essendant were worth $2,226,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in Essendant by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,776 shares of the company’s stock valued at $456,000 after acquiring an additional 1,333 shares during the period. Teachers Advisors LLC lifted its holdings in Essendant by 2.0% in the second quarter. Teachers Advisors LLC now owns 92,585 shares of the company’s stock valued at $1,373,000 after acquiring an additional 1,797 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Essendant by 7.9% in the second quarter. Public Employees Retirement System of Ohio now owns 36,389 shares of the company’s stock valued at $540,000 after acquiring an additional 2,661 shares during the period. Northern Trust Corp lifted its holdings in Essendant by 0.8% in the second quarter. Northern Trust Corp now owns 491,320 shares of the company’s stock valued at $7,286,000 after acquiring an additional 4,021 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Essendant by 17.1% in the second quarter. Wells Fargo & Company MN now owns 39,462 shares of the company’s stock valued at $586,000 after acquiring an additional 5,776 shares during the period. 97.76% of the stock is currently owned by institutional investors.
Essendant Inc (NASDAQ ESND) opened at $8.54 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.04 and a quick ratio of 1.02. Essendant Inc has a 12 month low of $7.99 and a 12 month high of $22.52. The company has a market capitalization of $321.20, a PE ratio of -1.17 and a beta of 1.11.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend is Wednesday, March 14th. Essendant’s dividend payout ratio (DPR) is currently -7.67%.
Separately, BidaskClub downgraded Essendant from a “sell” rating to a “strong sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.50.
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Essendant Company Profile
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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