Joshua Schechter Purchases 500 Shares of Viad (VVI) Stock

Viad (NYSE:VVI) Director Joshua Schechter acquired 500 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was bought at an average price of $49.99 per share, with a total value of $24,995.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Joshua Schechter also recently made the following trade(s):

  • On Wednesday, May 2nd, Joshua Schechter acquired 1,000 shares of Viad stock. The stock was bought at an average price of $50.50 per share, with a total value of $50,500.00.

Shares of Viad traded down $0.10, hitting $50.70, during midday trading on Thursday, according to MarketBeat. The company had a trading volume of 18 shares, compared to its average volume of 106,167. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.54 and a current ratio of 0.59. The stock has a market capitalization of $1.03 billion, a PE ratio of 19.39 and a beta of 0.61. Viad has a 1 year low of $50.65 and a 1 year high of $50.90.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, April 26th. The business services provider reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.03. The business had revenue of $277.43 million during the quarter, compared to analysts’ expectations of $276.48 million. Viad had a return on equity of 8.40% and a net margin of 3.30%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. analysts predict that Viad will post 2.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. Viad’s payout ratio is presently 15.27%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covey Capital Advisors LLC raised its position in shares of Viad by 14.0% during the 1st quarter. Covey Capital Advisors LLC now owns 61,454 shares of the business services provider’s stock worth $3,223,000 after acquiring an additional 7,561 shares in the last quarter. Barclays PLC raised its position in shares of Viad by 38.0% during the 1st quarter. Barclays PLC now owns 6,241 shares of the business services provider’s stock worth $327,000 after acquiring an additional 1,719 shares in the last quarter. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Viad during the 1st quarter worth about $9,108,000. Isthmus Partners LLC acquired a new stake in shares of Viad during the 1st quarter worth about $662,000. Finally, California Public Employees Retirement System raised its position in shares of Viad by 6.9% during the 1st quarter. California Public Employees Retirement System now owns 31,887 shares of the business services provider’s stock worth $1,672,000 after acquiring an additional 2,048 shares in the last quarter. Institutional investors and hedge funds own 91.94% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Viad from a “sell” rating to a “hold” rating in a research note on Friday, April 13th. ValuEngine upgraded Viad from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.

Viad Company Profile

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. The company operates in two business groups, GES and Pursuit. It offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

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