Collar Capital Management LLC Takes Position in Virtu Financial, Inc. $VIRT

Collar Capital Management LLC acquired a new stake in Virtu Financial, Inc. (NYSE:VIRT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 53,962 shares of the company’s stock, valued at approximately $1,798,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VIRT. Rothschild Investment LLC raised its holdings in shares of Virtu Financial by 3,460.0% in the 3rd quarter. Rothschild Investment LLC now owns 712 shares of the company’s stock valued at $25,000 after purchasing an additional 692 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Virtu Financial by 258.3% in the 3rd quarter. Assetmark Inc. now owns 713 shares of the company’s stock valued at $25,000 after purchasing an additional 514 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Virtu Financial by 103.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock valued at $34,000 after buying an additional 387 shares during the last quarter. Neo Ivy Capital Management grew its position in shares of Virtu Financial by 93.7% in the 3rd quarter. Neo Ivy Capital Management now owns 978 shares of the company’s stock valued at $35,000 after buying an additional 473 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Virtu Financial by 51.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 972 shares of the company’s stock valued at $35,000 after buying an additional 332 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Virtu Financial news, COO Brett Fairclough sold 30,000 shares of Virtu Financial stock in a transaction on Friday, May 8th. The shares were sold at an average price of $50.06, for a total value of $1,501,800.00. Following the transaction, the chief operating officer directly owned 42,473 shares in the company, valued at approximately $2,126,198.38. The trade was a 41.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 46.76% of the company’s stock.

Virtu Financial Trading Up 2.8%

NYSE VIRT opened at $51.53 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market cap of $7.99 billion, a PE ratio of 8.53, a P/E/G ratio of 1.27 and a beta of 0.62. Virtu Financial, Inc. has a one year low of $31.55 and a one year high of $56.48. The firm’s fifty day moving average is $49.16 and its two-hundred day moving average is $41.12.

Virtu Financial (NYSE:VIRT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.58. The company had revenue of $786.53 million for the quarter, compared to analyst estimates of $613.12 million. Virtu Financial had a net margin of 14.17% and a return on equity of 51.63%. Virtu Financial’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 earnings per share. Analysts expect that Virtu Financial, Inc. will post 5.53 earnings per share for the current year.

Virtu Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.24 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. Virtu Financial’s payout ratio is currently 15.89%.

Analyst Ratings Changes

VIRT has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of Virtu Financial from $46.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. increased their target price on shares of Virtu Financial from $44.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley increased their target price on shares of Virtu Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. Zacks Research raised shares of Virtu Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, Wall Street Zen downgraded shares of Virtu Financial from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.67.

Virtu Financial Profile

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.