Versant Corporation (NASDAQ:VSNT) Shareholders to Collect $0.38 Quarterly Dividend

Key Points

• Versant declared a $0.375 quarterly dividend, payable January 25 to shareholders of record January 4. That equates to $1.50 annually per share and a stated yield of 4.6%.
• Quarterly earnings were $0.34 per share, beating the consensus estimate of $0.03; revenue totaled $1.59 billion.
• Several institutional investors added or initiated positions in Versant during the second quarter, including State Street, which acquired a stake valued at about $171.2 million.

Versant Corporation (NASDAQ:VSNT - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, January 4th will be given a dividend of $0.3750 per share on Monday, January 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, January 4th.

Versant Stock Performance

Shares of VSNT stock traded up $0.40 during midday trading on Tuesday, hitting $32.74. 4,175,288 shares of the company were exchanged, compared to its average volume of 2,699,791. The firm has a market capitalization of $4.54 billion and a P/E ratio of 9.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.38 and a current ratio of 2.38. The firm's 50 day moving average price is $34.37 and its two-hundred day moving average price is $36.26. Versant has a 52 week low of $27.17 and a 52 week high of $59.00.

Versant (NASDAQ:VSNT - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.31. The company had revenue of $1.59 billion during the quarter. As a group, equities research analysts anticipate that Versant will post 4.10 earnings per share for the current year.

Institutional Investors Weigh In On Versant

Several institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its stake in Versant by 154.1% during the 2nd quarter. Hsbc Holdings PLC now owns 443,145 shares of the company's stock worth $16,079,000 after acquiring an additional 268,740 shares during the period. WINTON GROUP Ltd acquired a new position in Versant in the 2nd quarter valued at $2,781,000. State Street Corp bought a new stake in shares of Versant during the 2nd quarter valued at $171,182,000. Boussard & Gavaudan Gestion Sas bought a new stake in shares of Versant during the 2nd quarter valued at $4,198,000. Finally, Gradient Investments LLC acquired a new stake in shares of Versant during the 2nd quarter worth $1,350,000.

Versant Company Profile

Versant, Inc NASDAQ: VSNT is a media and entertainment company formed from selected cable television and digital assets formerly owned by Comcast's NBCUniversal division. The company develops, produces, distributes and markets entertainment, news, sports and lifestyle content across television networks and digital platforms.

Versant's portfolio includes USA Network, E!, SYFY, Oxygen, Golf Channel and related digital properties. Its assets also include Fandango and Rotten Tomatoes, which provide movie-ticketing, entertainment information and media-review services.

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