Cardinal Capital Management Inc. Acquires New Position in eMagin Corporation $EMA

Cardinal Capital Management Inc. acquired a new position in shares of eMagin Corporation (NYSE:EMA) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 221,475 shares of the company’s stock, valued at approximately $10,613,000.

Other institutional investors also recently bought and sold shares of the company. Rathbones Group PLC raised its position in eMagin by 0.3% during the 1st quarter. Rathbones Group PLC now owns 58,900 shares of the company’s stock valued at $3,043,000 after purchasing an additional 200 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of eMagin by 130.9% during 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 increased its stake in shares of eMagin by 54.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock valued at $57,000 after buying an additional 385 shares during the period. Mather Group LLC. purchased a new position in shares of eMagin during the third quarter valued at $38,000. Finally, Venturi Wealth Management LLC raised its holdings 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 acquiring an additional 877 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EMA. Weiss Ratings lowered shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of eMagin from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Finally, Barclays cut 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. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, eMagin has a consensus rating of “Hold” and a consensus target price of $53.00.

eMagin Price Performance

Shares of NYSE:EMA opened at $47.73 on Friday. eMagin Corporation has a 52 week low of $45.27 and a 52 week high of $55.49. The firm has a 50 day moving average of $49.11 and a 200 day moving average of $51.46.

eMagin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a C$0.74 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.2%. This is a boost from eMagin’s previous quarterly dividend of C$0.73.

eMagin Profile

eMagin Corporation was a U.S.-based developer and manufacturer of high-resolution organic light-emitting diode (OLED) microdisplays. Its products were designed for applications requiring compact, lightweight displays with high image quality, including defense, aerospace, medical, industrial, and consumer systems.

The company’s product portfolio included active-matrix OLED microdisplays, display modules, and related display solutions. These technologies were used in applications such as night-vision and thermal-imaging equipment, helmet-mounted and head-up displays, avionics, training systems, and emerging augmented- and virtual-reality devices.

Founded in 1996 and headquartered in Hopewell Junction, New York, eMagin served customers in the United States and international markets, with a significant focus on government and defense programs.