Neuburgh Advisers LLC reduced its position in shares of Virtu Financial Inc (NASDAQ:VIRT) by 56.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,312 shares of the financial services provider’s stock after selling 9,440 shares during the period. Neuburgh Advisers LLC’s holdings in Virtu Financial were worth $159,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bremer Bank National Association acquired a new stake in shares of Virtu Financial in the first quarter valued at approximately $83,000. Public Employees Retirement System of Ohio raised its stake in Virtu Financial by 39.5% during the second quarter. Public Employees Retirement System of Ohio now owns 6,256 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 1,773 shares during the period. Parallel Advisors LLC raised its stake in shares of Virtu Financial by 32.6% in the 2nd quarter. Parallel Advisors LLC now owns 6,689 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,644 shares during the period. Panagora Asset Management Inc. purchased a new position in shares of Virtu Financial in the 2nd quarter valued at $149,000. Finally, Aperio Group LLC purchased a new position in shares of Virtu Financial in the 2nd quarter valued at $184,000. 64.87% of the stock is owned by hedge funds and other institutional investors.
In other Virtu Financial news, CEO Douglas A. Cifu purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of $18.58 per share, with a total value of $185,800.00. Following the purchase, the chief executive officer now directly owns 235,000 shares of the company’s stock, valued at $4,366,300. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 63.70% of the company’s stock.
Shares of VIRT stock traded down $0.32 during mid-day trading on Friday, reaching $20.11. The company’s stock had a trading volume of 23,976 shares, compared to its average volume of 902,005. Virtu Financial Inc has a 1-year low of $17.61 and a 1-year high of $29.17. The company has a market cap of $3.80 billion, a P/E ratio of 10.22, a PEG ratio of 3.60 and a beta of -0.54. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s 50-day moving average is $19.52 and its two-hundred day moving average is $22.57.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.11). The company had revenue of $378.50 million for the quarter, compared to the consensus estimate of $262.19 million. Virtu Financial had a return on equity of 17.64% and a net margin of 3.58%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Sell-side analysts anticipate that Virtu Financial Inc will post 1.11 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.96 annualized dividend and a yield of 4.77%. Virtu Financial’s dividend payout ratio (DPR) is currently 48.98%.
VIRT has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Virtu Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $23.00 price target on shares of Virtu Financial in a report on Tuesday, September 3rd. ValuEngine raised shares of Virtu Financial from a “strong sell” rating to a “sell” rating in a report on Thursday, August 15th. UBS Group reduced their target price on shares of Virtu Financial from $29.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, BidaskClub upgraded shares of Virtu Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Virtu Financial presently has a consensus rating of “Hold” and a consensus price target of $25.29.
About Virtu Financial
Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.
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