Viad Corp (NYSE:VVI) Short Interest Update

Viad Corp (NYSE:VVI) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 196,500 shares, a drop of 22.9% from the April 30th total of 254,700 shares. Based on an average trading volume of 106,100 shares, the short-interest ratio is currently 1.9 days. Currently, 1.0% of the shares of the stock are short sold.

In related news, Director Robert E. Munzenrider sold 2,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 21,025 shares of the company’s stock, valued at $1,322,682.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Several large investors have recently modified their holdings of the business. Mason Street Advisors LLC grew its stake in shares of Viad by 2.7% in the 1st quarter. Mason Street Advisors LLC now owns 6,488 shares of the business services provider’s stock worth $365,000 after buying an additional 171 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Viad by 2.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,057 shares of the business services provider’s stock worth $504,000 after buying an additional 217 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of Viad by 5.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 5,093 shares of the business services provider’s stock worth $287,000 after buying an additional 253 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Viad by 0.5% in the 1st quarter. Rhumbline Advisers now owns 59,846 shares of the business services provider’s stock worth $3,369,000 after buying an additional 302 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Viad by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 14,592 shares of the business services provider’s stock worth $731,000 after buying an additional 320 shares in the last quarter. 88.68% of the stock is owned by institutional investors and hedge funds.

VVI traded up $0.37 during trading on Monday, hitting $65.99. 16,886 shares of the company traded hands, compared to its average volume of 109,753. Viad has a 1 year low of $46.17 and a 1 year high of $66.00. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.20 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.48 and a current ratio of 0.52.

Viad (NYSE:VVI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.76) by $0.25. Viad had a net margin of 3.13% and a return on equity of 10.56%. The business had revenue of $285.60 million during the quarter, compared to analysts’ expectations of $272.40 million. During the same period last year, the company posted ($0.49) EPS. The business’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Viad will post 2.6 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. Viad’s payout ratio is currently 17.09%.

Several research firms recently weighed in on VVI. ValuEngine cut shares of Viad from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Zacks Investment Research cut shares of Viad from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

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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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