13,700 Shares in eMagin Corporation $EMA Bought by Baskin Financial Services Inc.

Baskin Financial Services Inc. purchased a new stake in eMagin Corporation (NYSE:EMA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,700 shares of the company’s stock, valued at approximately $654,000.

A number of other large investors have also added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new position in eMagin during the third quarter worth $223,735,000. Cardinal Capital Management Inc. acquired a new stake in eMagin during the third quarter worth approximately $10,613,000. The Manufacturers Life Insurance Company boosted its holdings 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 worth $65,258,000 after acquiring an additional 71,020 shares during the period. Wellington Management Group LLP bought a new stake in shares of eMagin during the second quarter worth approximately $2,926,000. Finally, Greenland Capital Management LP bought a new stake in shares of eMagin during the second quarter worth approximately $2,562,000.

eMagin Trading Down 2.2%

eMagin stock traded down $1.05 during trading hours on Monday, reaching $46.67. 139,478 shares of the stock were exchanged, compared to its average volume of 443,580. eMagin Corporation has a twelve month low of $45.27 and a twelve month high of $55.49. The stock has a 50 day moving average of $49.11 and a two-hundred day moving average of $51.46.

eMagin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a C$0.74 dividend. The ex-dividend date of this dividend is Friday, October 30th. 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays cut their price objective 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. Wall Street Zen upgraded shares of eMagin from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. Finally, Weiss Ratings downgraded eMagin from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.00.

About eMagin

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.