Viad Corp (NYSE:VVI) was the target of a significant decrease in short interest during the month of November. As of November 29th, there was short interest totalling 211,400 shares, a decrease of 13.0% from the November 14th total of 243,000 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 80,300 shares, the short-interest ratio is presently 2.6 days.
A number of equities research analysts have recently commented on VVI shares. Zacks Investment Research cut shares of Viad from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. ValuEngine cut shares of Viad from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd.
Shares of NYSE:VVI traded down $0.90 on Friday, reaching $66.73. The company’s stock had a trading volume of 122,049 shares, compared to its average volume of 90,825. The stock’s 50-day moving average is $63.09 and its two-hundred day moving average is $65.64. Viad has a 52-week low of $46.21 and a 52-week high of $72.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.51 and a quick ratio of 0.48. The stock has a market capitalization of $1.35 billion, a P/E ratio of 28.52 and a beta of 0.63.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.60%. Viad’s dividend payout ratio (DPR) is 17.09%.
In other Viad news, Director Andrew B. Benett bought 1,000 shares of Viad stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of $62.58 per share, with a total value of $62,580.00. Following the completion of the acquisition, the director now owns 15,230 shares of the company’s stock, valued at $953,093.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Arizona State Retirement System increased its stake in shares of Viad by 1.0% during the second quarter. Arizona State Retirement System now owns 31,465 shares of the business services provider’s stock worth $2,084,000 after acquiring an additional 302 shares during the period. California State Teachers Retirement System increased its stake in shares of Viad by 1.2% during the third quarter. California State Teachers Retirement System now owns 31,270 shares of the business services provider’s stock worth $2,100,000 after acquiring an additional 373 shares during the period. Advisory Services Network LLC acquired a new position in shares of Viad during the second quarter worth about $32,000. Swiss National Bank increased its stake in shares of Viad by 1.3% during the second quarter. Swiss National Bank now owns 37,600 shares of the business services provider’s stock worth $2,491,000 after acquiring an additional 500 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Viad during the third quarter worth about $35,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
Viad Company Profile
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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