Emerald Mutual Fund Advisers Trust boosted its position in shares of Viad Corp. (NYSE:VVI) by 4.9% during the second quarter, Holdings Channel reports. The fund owned 14,306 shares of the company’s stock after buying an additional 666 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Viad Corp. were worth $443,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. 1st Global Advisors Inc. boosted its stake in 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 last quarter. Louisiana State Employees Retirement System raised its position in Viad Corp. by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock valued at $279,000 after buying an additional 100 shares during the period. American Financial Group Inc. raised its position in Viad Corp. by 12.6% in the first quarter. American Financial Group Inc. now owns 9,997 shares of the company’s stock valued at $292,000 after buying an additional 1,115 shares during the period. BlackRock Group LTD raised its position in 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 period. Finally, BNP Paribas Arbitrage SA raised its position in Viad Corp. by 112.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,319 shares of the company’s stock valued at $196,000 after buying an additional 3,342 shares during the period. 88.32% of the stock is owned by hedge funds and other institutional investors.
Viad Corp. (NYSE:VVI) traded up 0.54% during trading on Monday, hitting $35.45. The stock had a trading volume of 51,628 shares. The company has a market capitalization of $719.10 million, a price-to-earnings ratio of 38.28 and a beta of 0.92. Viad Corp. has a 12-month low of $25.90 and a 12-month high of $37.85. The stock has a 50 day moving average price of $36.27 and a 200 day moving average price of $32.61.
Viad Corp. (NYSE:VVI) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.22. Viad Corp. had a net margin of 1.75% and a return on equity of 6.77%. The business earned $324.70 million during the quarter, compared to analysts’ expectations of $304.90 million. During the same quarter in the prior year, the company earned $1.18 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Viad Corp. will post $2.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Wednesday, September 7th. Viad Corp.’s dividend payout ratio is currently 43.48%.
Several equities analysts have weighed in on VVI shares. Zacks Investment Research upgraded Viad Corp. from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a report on Thursday, September 29th. B. Riley restated a “buy” rating and set a $42.00 target price on shares of Viad Corp. in a report on Wednesday, August 17th.
In related news, Director Robert E. Munzenrider sold 2,000 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were 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 owns 22,106 shares in the company, valued at approximately $792,942.22. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.
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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