Mirador Capital Partners LP Purchases New Holdings in Versant Corporation $VSNT

Mirador Capital Partners LP acquired a new position in Versant Corporation (NASDAQ:VSNT) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,070 shares of the company’s stock, valued at approximately $700,000.

Several other large investors also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC lifted its holdings in shares of Versant by 10.6% in the third quarter. Douglas Lane & Associates LLC now owns 125,220 shares of the company’s stock valued at $3,969,000 after purchasing an additional 12,034 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Versant by 110.1% during the second quarter. Envestnet Asset Management Inc. now owns 70,666 shares of the company’s stock valued at $2,545,000 after buying an additional 37,028 shares in the last quarter. State Street Corp acquired a new position in Versant during the second quarter valued at $171,182,000. The Manufacturers Life Insurance Company purchased a new stake in Versant in the 2nd quarter worth about $541,000. Finally, Sequoia Financial Advisors LLC lifted its stake in Versant by 1.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 28,523 shares of the company’s stock worth $1,027,000 after acquiring an additional 359 shares in the last quarter.

Versant Stock Down 3.6%

VSNT stock opened at $30.64 on Friday. The firm has a market cap of $4.25 billion and a PE ratio of 8.80. Versant Corporation has a 1 year low of $27.17 and a 1 year high of $59.00. The company has a fifty day simple moving average of $36.55 and a 200 day simple moving average of $38.03. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.35.

Versant (NASDAQ:VSNT) last posted its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.10. The company had revenue of $1.64 billion for the quarter. Sell-side analysts anticipate that Versant Corporation will post 4.08 EPS for the current fiscal year.

Versant Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.3750 per share. This represents a $1.50 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, October 1st. Versant’s dividend payout ratio (DPR) is 43.10%.

Wall Street Analyst Weigh In

Several research firms have weighed in on VSNT. Citigroup initiated coverage on Versant in a research note on Thursday, September 24th. They set a “buy” rating and a $41.00 target price on the stock. Arete Research raised shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 price target for the company in a research report on Friday, July 17th. Zacks Research cut shares of Versant from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings downgraded shares of Versant from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $43.00 price objective on shares of Versant in a research note on Friday, September 18th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Versant presently has an average rating of “Hold” and a consensus target price of $43.00.

About Versant

Versant, Inc is a media and entertainment company formed through the separation of certain cable television and digital media assets from Comcast. The company operates a portfolio of entertainment, news, sports and lifestyle brands serving audiences in the United States and internationally through television networks, digital platforms and related content services.

Versant’s portfolio includes USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel, along with digital properties such as Fandango and Rotten Tomatoes.