Opus Capital Group LLC decreased its holdings in Viad Corp (NYSE:VVI) by 88.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,024 shares of the business services provider’s stock after selling 31,106 shares during the quarter. Opus Capital Group LLC’s holdings in Viad were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the company. River Road Asset Management LLC increased its holdings in Viad by 464.9% in the 4th quarter. River Road Asset Management LLC now owns 569,948 shares of the business services provider’s stock worth $28,549,000 after buying an additional 469,053 shares in the last quarter. Norges Bank bought a new stake in Viad in the 4th quarter worth about $21,655,000. Moab Capital Partners LLC increased its holdings in Viad by 7.8% in the 4th quarter. Moab Capital Partners LLC now owns 1,512,845 shares of the business services provider’s stock worth $75,778,000 after buying an additional 109,403 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Viad by 9.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,086,953 shares of the business services provider’s stock worth $54,445,000 after buying an additional 97,400 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in Viad in the 4th quarter worth about $4,650,000. Hedge funds and other institutional investors own 88.55% of the company’s stock.
Shares of VVI stock traded down $0.06 during trading hours on Friday, reaching $61.38. 34,896 shares of the company traded hands, compared to its average volume of 83,061. Viad Corp has a 12-month low of $46.17 and a 12-month high of $62.92. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.27 billion, a P/E ratio of 26.23 and a beta of 0.77.
Viad (NYSE:VVI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported ($0.51) earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $272.40 million. During the same period in the previous year, the firm earned ($0.49) EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Viad Corp will post 2.6 earnings per share 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 issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. Viad’s dividend payout ratio is presently 17.09%.
A number of research firms have issued reports on VVI. ValuEngine downgraded Viad from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Zacks Investment Research downgraded Viad from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.
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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.
See Also: Return On Assets
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