Versant Corporation $VSNT Shares Newly Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP acquired a new position in Versant Corporation (NASDAQ:VSNT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,070 shares of the company’s stock, valued at approximately $700,000.

Several other large investors have also made changes to their positions in the business. State Street Corp acquired a new stake in Versant in the 2nd quarter valued at approximately $171,182,000. Dimensional Fund Advisors LP bought a new stake in shares of Versant in the first quarter valued at approximately $41,747,000. Principal Financial Group Inc. bought a new stake in shares of Versant in the first quarter valued at approximately $26,331,000. Bank of America Corp DE acquired a new stake in shares of Versant in the first quarter worth $25,317,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Versant in the first quarter worth $24,475,000.

Versant Stock Down 3.6%

Shares of VSNT stock opened at $30.64 on Friday. The stock has a market cap of $4.25 billion and a P/E ratio of 8.80. Versant Corporation has a one year low of $27.17 and a one year high of $59.00. The stock has a fifty day moving average price of $36.55 and a 200 day moving average price of $38.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.38 and a quick ratio of 2.38.

Versant (NASDAQ:VSNT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.10. The business had revenue of $1.64 billion for the quarter. Analysts predict that Versant Corporation will post 4.08 earnings per share for the current year.

Versant Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.3750 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Thursday, October 1st. Versant’s payout ratio is 43.10%.

Wall Street Analyst Weigh In

Several research firms recently commented on VSNT. The Goldman Sachs Group reiterated a “neutral” rating and set a $43.00 target price on shares of Versant in a research note on Friday, September 18th. Weiss Ratings downgraded shares of Versant from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Zacks Research lowered shares of Versant from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Arete Research upgraded shares of Versant from a “sell” rating to a “neutral” rating and set a $40.00 target price for the company in a research note on Friday, July 17th. Finally, TD Cowen lifted their target price on Versant from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.00.

Versant Company Profile

Versant, Inc is a media and entertainment company formed through the separation of certain cable television and digital media assets from Comcast. The company operates a portfolio of entertainment, news, sports and lifestyle brands serving audiences in the United States and internationally through television networks, digital platforms and related content services.

Versant’s portfolio includes USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel, along with digital properties such as Fandango and Rotten Tomatoes.