Victory Capital Amends Viad Corp. Stake Filing
Ticker: PRSU · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 884219
| Field | Detail |
|---|---|
| Company | Viad Corp (PRSU) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Victory Capital still owns Viad stock, signaling continued institutional confidence.**
AI Summary
Victory Capital Management Inc. filed an amended SC 13G/A on February 6, 2024, indicating their ownership of Viad Corp. common stock as of December 31, 2023. This is the fourth amendment to their filing, showing their continued passive investment in Viad Corp. This matters to investors because it confirms a significant institutional investor maintains a position, suggesting confidence in the company's long-term prospects, even if their exact share count isn't detailed in this snippet.
Why It Matters
This filing confirms that a major institutional investor, Victory Capital Management Inc., continues to hold a significant, passive stake in Viad Corp., which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a passive stake, which generally carries low risk.
Analyst Insight
Investors should note that a significant institutional holder, Victory Capital Management Inc., continues to hold a passive stake in Viad Corp. This suggests a long-term, non-activist interest, which can be a stabilizing factor for the stock. While this filing doesn't reveal changes in share count, it confirms ongoing institutional presence.
Key Numbers
- 92552R406 — CUSIP Number (identifies Viad Corp.'s Common Stock)
- 4 — Amendment Number (indicates this is the fourth amendment to Victory Capital's filing regarding Viad Corp.)
Key Players & Entities
- Victory Capital Management Inc. (company) — the institutional investor filing the SC 13G/A
- Viad Corp. (company) — the subject company whose stock is being reported
- New York (company) — place of organization for Victory Capital Management Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
- February 6, 2024 (date) — the date the SC 13G/A was filed
Forward-Looking Statements
- Victory Capital Management Inc. will likely maintain a passive investment strategy in Viad Corp. for the foreseeable future. (Victory Capital Management Inc.) — high confidence, target: 2025-12-31
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by Victory Capital Management Inc. regarding their ownership in Viad Corp.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Viad Corp. is 92552R406, as stated on the cover page of the filing.
What was the 'Date of Event which Requires Filing of this Statement'?
The 'Date of Event which Requires Filing of this Statement' was December 31, 2023, according to the filing's cover page.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box on the cover page.
What is the state of incorporation for Victory Capital Management Inc.?
Victory Capital Management Inc. is incorporated in New York, as stated in the 'CITIZENSHIP OR PLACE OF ORGANIZATION' section on page 2 of 4.
Filing Stats: 1,031 words · 4 min read · ~3 pages · Grade level 7.6 · Accepted 2024-02-06 11:22:39
Filing Documents
- viad13ga4_12312023.htm (SC 13G/A) — 41KB
- 0001040188-24-000022.txt ( ) — 43KB
If this statement is filed
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).
Ownership
Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,726,892 (b) Percent of class: 8.25% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1.717,757 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,726,892 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
Ownership of Five Percent
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
Ownership of More than
Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein. No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class except the Victory Sycamore Small Company Opportunity Fund an investment company registered under the Investment Company Act of 1940, which has an interest of 6.05% of the class.
Identification and Classification
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable
Identification and Classification
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution
Item 9. Notice of Dissolution of Group. Not applicable.
Certification
Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 232109108 13G Page 4 of 4 Pages After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/6/2024 Date /s/ Barry Garrett Signature Barry Garrett/ Chief Compliance Officer Name/Title