Viad Corp (NYSE:VVI)’s share price hit a new 52-week high on Thursday . The stock traded as high as $69.22 and last traded at $69.04, with a volume of 52938 shares. The stock had previously closed at $68.81.

Several analysts have weighed in on VVI shares. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th.

The business has a 50 day moving average price of $65.19. The stock has a market capitalization of $1.39 billion, a PE ratio of 29.50 and a beta of 0.70. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.11.

Viad (NYSE:VVI) last announced its earnings results on Thursday, April 25th. The business services provider reported ($0.51) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.76) by $0.25. Viad had a net margin of 3.13% and a return on equity of 10.56%. The company had revenue of $285.60 million for the quarter, compared to analyst estimates of $272.40 million. During the same period in the prior year, the business earned ($0.49) earnings per share. Viad’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that Viad Corp will post 2.6 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. Viad’s payout ratio is 17.09%.

In other news, Director Robert E. Munzenrider sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $62.91, for a total transaction of $125,820.00. Following the transaction, the director now directly owns 21,025 shares in the company, valued at $1,322,682.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Investors Research Corp acquired a new position in Viad in the first quarter valued at approximately $28,000. Quantamental Technologies LLC lifted its holdings in Viad by 111.3% in the first quarter. Quantamental Technologies LLC now owns 1,139 shares of the business services provider’s stock valued at $64,000 after buying an additional 600 shares during the period. Janus Henderson Group PLC acquired a new position in Viad in the first quarter valued at approximately $206,000. BNP Paribas Arbitrage SA lifted its holdings in Viad by 904.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,248 shares of the business services provider’s stock valued at $239,000 after buying an additional 3,825 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Viad in the fourth quarter valued at approximately $243,000. Institutional investors own 88.68% of the company’s stock.

Viad Company Profile (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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