Crossmark Global Holdings Inc. acquired a new position in shares of Essendant Inc. (NASDAQ:ESND) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,676 shares of the company’s stock, valued at approximately $272,000. Crossmark Global Holdings Inc. owned approximately 0.06% of Essendant as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Essendant by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,591,083 shares of the company’s stock worth $53,256,000 after buying an additional 115,071 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of Essendant by 1.7% during the second quarter. Pzena Investment Management LLC now owns 3,492,271 shares of the company’s stock worth $51,790,000 after buying an additional 57,506 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Essendant by 11.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,698,887 shares of the company’s stock worth $40,024,000 after buying an additional 281,356 shares in the last quarter. State Street Corp grew its position in shares of Essendant by 4.0% during the second quarter. State Street Corp now owns 1,046,832 shares of the company’s stock worth $15,530,000 after buying an additional 40,450 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Essendant during the second quarter worth about $13,369,000. 96.40% of the stock is owned by institutional investors and hedge funds.

Essendant Inc. (NASDAQ ESND) opened at $9.63 on Thursday. The company has a quick ratio of 1.02, a current ratio of 2.04 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $341.89, a P/E ratio of 16.83 and a beta of 1.21. Essendant Inc. has a fifty-two week low of $8.79 and a fifty-two week high of $22.52.

Essendant (NASDAQ:ESND) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.30). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Essendant had a negative net margin of 5.26% and a positive return on equity of 3.20%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Thursday, December 14th. Essendant’s dividend payout ratio (DPR) is -7.67%.

ESND has been the subject of a number of analyst reports. ValuEngine raised Essendant from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded Essendant from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research raised Essendant from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Essendant currently has an average rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for Essendant (NASDAQ:ESND)

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