Endeavor Group Holdings, Inc. to Issue Quarterly Dividend of $0.06 (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) announced a quarterly dividend on Friday, February 14th, RTT News reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.06 per share on Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, February 28th.

Endeavor Group has a dividend payout ratio of 8.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Endeavor Group to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 18.0%.

Endeavor Group Price Performance

Shares of NYSE:EDR opened at $31.08 on Wednesday. The company’s fifty day moving average is $31.38 and its 200 day moving average is $29.71. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a 52 week low of $23.14 and a 52 week high of $35.99. The stock has a market cap of $21.26 billion, a PE ratio of -15.16 and a beta of 0.74.

Analysts Set New Price Targets

Several research firms have recently commented on EDR. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.86.

Insiders Place Their Bets

In other news, CAO William K. Fullerton sold 2,225 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the sale, the chief accounting officer now directly owns 53,124 shares of the company’s stock, valued at approximately $1,624,531.92. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $146.97 per share, with a total value of $38,682,504.00. Following the transaction, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,535,485 shares of company stock worth $239,160,243 and have sold 146,905 shares worth $4,418,864. Corporate insiders own 63.90% of the company’s stock.

About Endeavor Group

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.