Viad Corp. (VVI) is Northpointe Capital LLC’s 7th Largest Position
Northpointe Capital LLC raised its stake in shares of Viad Corp. (NYSE:VVI) by 4.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 439,426 shares of the company’s stock after buying an additional 20,409 shares during the period. Viad Corp. accounts for about 1.6% of Northpointe Capital LLC’s portfolio, making the stock its 7th largest position. Northpointe Capital LLC owned about 2.17% of Viad Corp. worth $13,622,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in VVI. Louisiana State Employees Retirement System boosted its stake 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 last quarter. 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 valued at $286,000 after buying an additional 52 shares during the last quarter. Reinhart Partners Inc. boosted its stake in Viad Corp. by 22.5% in the second quarter. Reinhart Partners Inc. now owns 63,014 shares of the company’s stock valued at $1,953,000 after buying an additional 11,570 shares during the last quarter. Hartford Investment Management Co. boosted its stake in Viad Corp. by 99.2% in the second quarter. Hartford Investment Management Co. now owns 112,899 shares of the company’s stock valued at $3,500,000 after buying an additional 56,211 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in Viad Corp. during the second quarter valued at $138,000. 88.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Viad Corp. (NYSE:VVI) traded down 0.11% during trading on Monday, hitting $36.83. The company had a trading volume of 54,650 shares. The firm’s 50 day moving average is $36.22 and its 200-day moving average is $32.34. Viad Corp. has a 52 week low of $25.90 and a 52 week high of $37.85. The stock has a market capitalization of $747.10 million, a P/E ratio of 39.77 and a beta of 0.92.
Viad Corp. (NYSE:VVI) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.22. Viad Corp. had a return on equity of 6.77% and a net margin of 1.75%. The business earned $324.70 million during the quarter, compared to analyst estimates of $304.90 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. Viad Corp.’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Viad Corp. will post $2.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, September 7th. Viad Corp.’s dividend payout ratio is presently 43.48%.
A number of equities analysts recently weighed in on VVI shares. Zacks Investment Research cut Viad Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. B. Riley reissued a “buy” rating and set a $39.25 price objective on shares of Viad Corp. in a report on Thursday, June 16th.
In other Viad Corp. news, Director Robert E. Munzenrider sold 2,000 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $35.87, for a total transaction of $71,740.00. Following the completion of the sale, the director now owns 22,106 shares of the company’s stock, valued at $792,942.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.
Viad Corp. Company Profile
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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