Dimensional Fund Advisors LP increased its position in shares of Viad Corp. (NYSE:VVI) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,713,357 shares of the company’s stock after buying an additional 2,974 shares during the period. Dimensional Fund Advisors LP owned approximately 8.46% of Viad Corp. worth $53,113,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P increased its stake in shares of Viad Corp. by 19.1% in the first quarter. Loomis Sayles & Co. L P now owns 425,032 shares of the company’s stock valued at $12,394,000 after buying an additional 68,289 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Viad Corp. by 7.1% in the first quarter. BlackRock Group LTD now owns 29,360 shares of the company’s stock valued at $857,000 after buying an additional 1,956 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Viad Corp. by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 532,623 shares of the company’s stock valued at $15,531,000 after buying an additional 3,538 shares during the last quarter. HBK Investments L P increased its stake in shares of Viad Corp. by 24.4% in the first quarter. HBK Investments L P now owns 42,310 shares of the company’s stock valued at $1,234,000 after buying an additional 8,310 shares during the last quarter. Finally, Northpointe Capital LLC increased its stake in shares of Viad Corp. by 4.9% in the second quarter. Northpointe Capital LLC now owns 439,426 shares of the company’s stock valued at $13,622,000 after buying an additional 20,409 shares during the last quarter. 88.32% of the stock is currently owned by institutional investors and hedge funds.
Viad Corp. (NYSE:VVI) traded down 0.75% on Friday, hitting $35.68. The stock had a trading volume of 10,340 shares. The company has a market capitalization of $723.77 million, a PE ratio of 38.53 and a beta of 0.93. Viad Corp. has a 12-month low of $25.90 and a 12-month high of $37.85. The company has a 50 day moving average of $36.30 and a 200 day moving average of $32.56.
Viad Corp. (NYSE:VVI) last released its earnings results on Thursday, July 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.22. Viad Corp. had a return on equity of 6.77% and a net margin of 1.75%. The firm earned $324.70 million during the quarter, compared to analysts’ expectations of $304.90 million. During the same period in the prior year, the company earned $1.18 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts expect that Viad Corp. will post $2.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.11%. The ex-dividend date was Wednesday, September 7th. Viad Corp.’s payout ratio is presently 43.48%.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Viad Corp. from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research note on Thursday, September 29th. B. Riley restated a “buy” rating and set a $42.00 target price on shares of Viad Corp. in a research note on Wednesday, August 17th.
In other Viad Corp. news, Director Robert E. Munzenrider sold 2,000 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $35.87, for a total transaction of $71,740.00. Following the completion of the sale, the director now directly owns 22,106 shares in the company, valued at $792,942.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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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