Kennedy Capital Management Inc. reduced its stake in shares of Viad Corp (NYSE:VVI) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,176 shares of the business services provider’s stock after selling 36,492 shares during the period. Kennedy Capital Management Inc. owned 0.72% of Viad worth $8,098,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Violich Capital Management Inc. purchased a new stake in shares of Viad during the third quarter valued at approximately $202,000. Quadrature Capital Ltd bought a new stake in shares of Viad during the fourth quarter valued at about $211,000. Cetera Advisors LLC bought a new stake in shares of Viad during the third quarter valued at about $225,000. Teacher Retirement System of Texas bought a new stake in shares of Viad during the fourth quarter valued at about $389,000. Finally, Alps Advisors Inc. bought a new stake in shares of Viad during the third quarter valued at about $520,000. Hedge funds and other institutional investors own 88.27% of the company’s stock.
Several brokerages have commented on VVI. ValuEngine upgraded shares of Viad from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research cut Viad from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th.
Shares of Viad Corp (NYSE VVI) traded down $0.05 during midday trading on Wednesday, hitting $54.70. The company had a trading volume of 118,562 shares, compared to its average volume of 116,045. Viad Corp has a 1-year low of $42.05 and a 1-year high of $61.85. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The company has a market cap of $1,115.08, a PE ratio of 19.40 and a beta of 0.59.
Viad (NYSE:VVI) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. The company had revenue of $277.30 million during the quarter, compared to analyst estimates of $266.85 million. Viad had a return on equity of 12.56% and a net margin of 4.42%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.11) earnings per share. analysts predict that Viad Corp will post 2.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, March 15th. Viad’s dividend payout ratio is presently 14.18%.
Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
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