IndexIQ Advisors LLC increased its position in Viad Corp (NYSE:VVI) by 3.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 43,341 shares of the business services provider’s stock after purchasing an additional 1,638 shares during the period. IndexIQ Advisors LLC owned about 0.21% of Viad worth $2,568,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Manatuck Hill Partners LLC raised its holdings in shares of Viad by 26.2% during the 2nd quarter. Manatuck Hill Partners LLC now owns 101,500 shares of the business services provider’s stock valued at $5,506,000 after purchasing an additional 21,100 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Viad by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 270,317 shares of the business services provider’s stock worth $14,665,000 after acquiring an additional 1,355 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Viad by 6.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 174,155 shares of the business services provider’s stock worth $9,448,000 after acquiring an additional 11,171 shares during the period. Prudential Financial Inc. raised its holdings in Viad by 5.4% in the 3rd quarter. Prudential Financial Inc. now owns 42,288 shares of the business services provider’s stock worth $2,505,000 after acquiring an additional 2,166 shares during the period. Finally, Victory Capital Management Inc. grew its position in Viad by 1.0% in the 3rd quarter. Victory Capital Management Inc. now owns 989,553 shares of the business services provider’s stock worth $58,631,000 after purchasing an additional 9,425 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Viad stock traded down $0.34 on Friday, hitting $51.84. The company had a trading volume of 58,900 shares, compared to its average volume of 54,275. The stock has a market capitalization of $1.06 billion, a PE ratio of 19.79 and a beta of 0.74. Viad Corp has a twelve month low of $46.17 and a twelve month high of $62.50. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.09.
Viad (NYSE:VVI) last announced its earnings results on Thursday, October 25th. The business services provider reported $1.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.84 by ($0.12). Viad had a return on equity of 9.90% and a net margin of 2.34%. The business had revenue of $358.16 million for the quarter, compared to analyst estimates of $381.40 million. Equities analysts anticipate that Viad Corp will post 2.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, December 13th. Viad’s dividend payout ratio (DPR) is currently 15.27%.
VVI has been the topic of several research analyst reports. Janney Montgomery Scott assumed coverage on shares of Viad in a research report on Thursday, November 15th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Viad from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Finally, ValuEngine downgraded shares of Viad from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd.
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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