221,475 Shares of eMagin Corporation $EMA Purchased by Cardinal Capital Management Inc.

by · The Cerbat Gem

Cardinal Capital Management Inc. purchased a new position in shares of eMagin Corporation (NYSE:EMA – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 221,475 shares of the company’s stock, valued at approximately $10,613,000.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in eMagin in the 3rd quarter worth about $38,000. Tompkins Financial Corp purchased a new position in shares of eMagin during the third quarter valued at approximately $120,000. The Manufacturers Life Insurance Company boosted its position in shares of eMagin by 6.1% during the second quarter. The Manufacturers Life Insurance Company now owns 1,232,687 shares of the company’s stock valued at $65,258,000 after buying an additional 71,020 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of eMagin during the second quarter valued at approximately $264,000. Finally, Tidal Investments LLC grew its stake in shares of eMagin by 30.3% during the second quarter. Tidal Investments LLC now owns 5,917 shares of the company’s stock valued at $314,000 after buying an additional 1,376 shares during the last quarter.

Analyst Upgrades and Downgrades

EMA has been the topic of several recent analyst reports. Wall Street Zen upgraded eMagin from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings cut eMagin from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Barclays cut their price objective on 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 analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.00.

Get Our Latest Stock Report on eMagin

eMagin Stock Up 1.4%

EMA stock opened at $47.73 on Friday. eMagin Corporation has a 12 month low of $45.27 and a 12 month high of $55.49. The firm’s 50-day moving average is $49.11 and its 200 day moving average is $51.46.

eMagin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid 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 yield of 6.2%. This is an increase from eMagin’s previous quarterly dividend of C$0.73.

eMagin Profile

(Free Report)

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.

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