Virtu Financial Inc (VIRT) Rating Increased to C- at TheStreet
Virtu Financial Inc (NASDAQ:VIRT) was upgraded by research analysts at TheStreet from a “d-” rating to a “c-” rating in a research report issued on Friday.
Separately, Zacks Investment Research downgraded Virtu Financial from a “hold” rating to a “sell” rating in a research report on Wednesday.
Shares of Virtu Financial (NASDAQ:VIRT) traded down 0.64% during trading on Friday, reaching $15.55. The company’s stock had a trading volume of 351,999 shares. The company has a market cap of $632.37 million, a PE ratio of 23.21 and a beta of 0.43. The company has a 50 day moving average of $15.63 and a 200 day moving average of $16.02. Virtu Financial has a 12-month low of $12.35 and a 12-month high of $19.07.
Virtu Financial (NASDAQ:VIRT) last released its earnings results on Thursday, May 4th. The financial services provider reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $82.20 million. Virtu Financial had a return on equity of 19.37% and a net margin of 4.94%. Virtu Financial’s quarterly revenue was down 32.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. On average, analysts anticipate that Virtu Financial will post $0.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 6.17%. Virtu Financial’s dividend payout ratio is presently 109.09%.
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In other Virtu Financial news, insider Tjmt Holdings Llc purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, April 11th. The shares were acquired at an average cost of $15.62 per share, with a total value of $1,562,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 395,970 shares of company stock worth $6,199,821. Insiders own 71.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Quantbot Technologies LP boosted its stake in Virtu Financial by 1,479.0% in the first quarter. Quantbot Technologies LP now owns 6,316 shares of the financial services provider’s stock worth $107,000 after buying an additional 5,916 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Virtu Financial during the first quarter worth approximately $109,000. First Bank & Trust acquired a new stake in Virtu Financial during the fourth quarter worth approximately $111,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Virtu Financial by 90.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,453 shares of the financial services provider’s stock worth $167,000 after buying an additional 4,963 shares in the last quarter. Finally, Eagle Ridge Investment Management acquired a new stake in Virtu Financial during the first quarter worth approximately $250,000. 89.85% of the stock is currently owned by institutional investors and hedge funds.
Virtu Financial Company Profile
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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