eMagin Corporation $EMA Shares Newly Purchased by Baskin Financial Services Inc.

Baskin Financial Services Inc. bought a new position in shares of eMagin Corporation (NYSE:EMA) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 13,700 shares of the company’s stock, valued at approximately $654,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in shares of eMagin by 130.9% in the 1st quarter. Parallel Advisors LLC now owns 508 shares of the company’s stock valued at $26,000 after purchasing an additional 288 shares in the last quarter. Mather Group LLC. acquired a new position in eMagin during the 3rd quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its position in eMagin by 54.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock worth $57,000 after purchasing an additional 385 shares in the last quarter. Tompkins Financial Corp acquired a new position in eMagin during the 3rd quarter worth approximately $120,000. Finally, Sequoia Financial Advisors LLC bought a new position in eMagin in the 2nd quarter valued at approximately $264,000.

Analysts Set New Price Targets

EMA has been the topic of a number of research reports. Weiss Ratings cut shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Barclays lowered their price target on shares of eMagin from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Finally, Wall Street Zen upgraded eMagin from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.00.

eMagin Stock Performance

Shares of eMagin stock traded down $1.05 on Monday, hitting $46.67. The stock had a trading volume of 139,478 shares, compared to its average volume of 443,580. The stock has a 50 day moving average of $49.11 and a 200 day moving average of $51.46. eMagin Corporation has a twelve month low of $45.27 and a twelve month high of $55.49.

eMagin Increases Dividend

The firm 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 dividend of C$0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.3%. This is a boost from eMagin’s previous quarterly dividend of C$0.73. The ex-dividend date is Friday, October 30th.

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.