28 Jun Viad (NYSE:VVI) Shares Cross Above 50-Day Moving Average of…
Shares of Viad Corp (NYSE:VVI) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $63.47 and traded as high as $65.67. Viad shares last traded at $65.57, with a volume of 517 shares changing hands.
VVI has been the subject of a number of research reports. ValuEngine downgraded Viad from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Zacks Investment Research downgraded Viad from a “hold” rating to a “sell” rating in a research report on Friday, April 12th.
The business’s 50-day moving average price is $63.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a market capitalization of $1.33 billion, a PE ratio of 28.15 and a beta of 0.71.
Viad (NYSE:VVI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported ($0.51) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.76) by $0.25. Viad had a return on equity of 10.56% and a net margin of 3.13%. The business had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $272.40 million. During the same quarter in the previous year, the firm posted ($0.49) earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. Sell-side analysts expect that Viad Corp will post 2.6 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, June 6th. Viad’s dividend payout ratio (DPR) is 17.09%.
In related news, Director Robert E. Munzenrider sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $62.91, for a total value of $125,820.00. Following the transaction, the director now owns 21,025 shares in the company, valued at $1,322,682.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in VVI. Norges Bank acquired a new stake in Viad during the fourth quarter valued at approximately $21,655,000. GMT Capital Corp raised its stake in Viad by 24.6% during the first quarter. GMT Capital Corp now owns 692,459 shares of the business services provider’s stock valued at $38,979,000 after buying an additional 136,664 shares in the last quarter. Moab Capital Partners LLC raised its stake in Viad by 7.8% during the fourth quarter. Moab Capital Partners LLC now owns 1,512,845 shares of the business services provider’s stock valued at $75,778,000 after buying an additional 109,403 shares in the last quarter. Cannell Capital LLC acquired a new stake in Viad during the fourth quarter valued at approximately $3,485,000. Finally, BlackRock Inc. raised its stake in Viad by 2.3% during the fourth quarter. BlackRock Inc. now owns 3,071,206 shares of the business services provider’s stock valued at $153,836,000 after buying an additional 68,872 shares in the last quarter. Hedge funds and other institutional investors own 88.68% of the company’s stock.
About Viad (NYSE:VVI)
Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. It operates in two business groups, GES and Pursuit. The company 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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