Emerald Advisers Inc. PA Reduces Position in Viad Corp. (VVI)
Emerald Advisers Inc. PA lowered its position in Viad Corp. (NYSE:VVI) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 30,281 shares of the company’s stock after selling 654 shares during the period. Emerald Advisers Inc. PA’s holdings in Viad Corp. were worth $939,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Viad Corp. during the second quarter worth about $138,000. BNP Paribas Arbitrage SA increased its stake in shares of Viad Corp. by 112.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,319 shares of the company’s stock worth $196,000 after buying an additional 3,342 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Viad Corp. by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock worth $279,000 after buying an additional 100 shares during the period. 1st Global Advisors Inc. increased its stake in shares of Viad Corp. by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 9,236 shares of the company’s stock worth $286,000 after buying an additional 52 shares during the period. Finally, American Financial Group Inc. increased its stake in shares of Viad Corp. by 12.6% in the first quarter. American Financial Group Inc. now owns 9,997 shares of the company’s stock worth $292,000 after buying an additional 1,115 shares during the period. 88.32% of the stock is owned by institutional investors.
Viad Corp. (NYSE:VVI) traded down 1.058% during mid-day trading on Tuesday, hitting $35.075. The stock had a trading volume of 39,880 shares. Viad Corp. has a one year low of $25.90 and a one year high of $37.85. The company has a 50 day moving average price of $36.25 and a 200 day moving average price of $32.73. The stock has a market cap of $711.50 million, a P/E ratio of 37.878 and a beta of 0.92.
Viad Corp. (NYSE:VVI) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.22. The business earned $324.70 million during the quarter, compared to the consensus estimate of $304.90 million. Viad Corp. had a return on equity of 6.77% and a net margin of 1.75%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. On average, equities analysts anticipate that Viad Corp. will post $2.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.13%. Viad Corp.’s payout ratio is 43.48%.
A number of analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $39.25 price target on shares of Viad Corp. in a report on Thursday, June 16th. Zacks Investment Research downgraded Viad Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th.
In related news, Director Robert E. Munzenrider sold 2,000 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $35.87, for a total value of $71,740.00. Following the completion of the sale, the director now directly owns 22,106 shares in the company, valued at approximately $792,942.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.
About Viad Corp.
Viad Corp is an international experiential services company. The Company has operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Company conducts its operations through three business segments: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group.
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