Insider Selling: Viad Corp (VVI) Director Sells 2,100 Shares of Stock

Viad Corp (NYSE:VVI) Director Robert E. Munzenrider sold 2,100 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $56.01, for a total transaction of $117,621.00. Following the completion of the sale, the director now directly owns 21,179 shares of the company’s stock, valued at approximately $1,186,235.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Viad Corp (VVI) opened at $57.45 on Wednesday. Viad Corp has a 52-week low of $42.05 and a 52-week high of $61.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 0.71. The firm has a market cap of $1,150.00, a PE ratio of 20.11 and a beta of 0.51.

Viad Corp (NYSE:VVI) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.02. Viad Corp had a net margin of 5.86% and a return on equity of 13.91%. The business had revenue of $339.10 million during the quarter, compared to analysts’ expectations of $327.59 million. During the same quarter in the prior year, the business posted $1.74 earnings per share. Viad Corp’s revenue was down 11.3% compared to the same quarter last year. analysts expect that Viad Corp will post 2.59 EPS for the current fiscal year.

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Separately, Zacks Investment Research raised shares of Viad Corp from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research report on Saturday, July 29th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in Viad Corp during the second quarter worth about $107,000. SG Americas Securities LLC acquired a new position in Viad Corp during the second quarter worth about $120,000. Violich Capital Management Inc. acquired a new position in Viad Corp during the third quarter worth about $202,000. Emerald Mutual Fund Advisers Trust acquired a new position in Viad Corp during the third quarter worth about $215,000. Finally, Cetera Advisors LLC acquired a new position in Viad Corp during the third quarter worth about $225,000. 86.73% of the stock is owned by institutional investors and hedge funds.

Viad Corp Company Profile

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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