TimesSquare Capital Management LLC raised its holdings in shares of Viad Corp (NYSE:VVI) by 54.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 626,875 shares of the business services provider’s stock after buying an additional 221,035 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Viad were worth $34,729,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in VVI. Violich Capital Management Inc. purchased a new stake in shares of Viad during the third quarter worth $202,000. Quadrature Capital Ltd purchased a new stake in shares of Viad during the fourth quarter worth $211,000. Cetera Advisors LLC purchased a new stake in shares of Viad during the third quarter worth $225,000. Teacher Retirement System of Texas purchased a new stake in shares of Viad during the fourth quarter worth $389,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Viad during the third quarter worth $520,000. 85.69% of the stock is owned by institutional investors and hedge funds.
Shares of Viad Corp (VVI) opened at $55.35 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.63 and a quick ratio of 0.54. Viad Corp has a 1-year low of $42.05 and a 1-year high of $61.85. The stock has a market cap of $1,114.06, a PE ratio of 20.82 and a beta of 0.59.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 15th. Viad’s dividend payout ratio (DPR) is presently 14.18%.
A number of equities research analysts recently issued reports on VVI shares. ValuEngine raised shares of Viad from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research lowered shares of Viad from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 14th.
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Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
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