2 weeks Ago By ABMN Staff
Dark Forest Capital Management LP reduced its position in shares of Virtu Financial, Inc. ( NASDAQ:VIRT – Free Report ) by 68.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The firm owned 26,930 shares of the financial services provider’s stock after selling 58,556 shares during the quarter. Dark Forest Capital Management LP’s holdings in Virtu Financial were worth $605,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently made changes to their positions in the company.
Norges Bank bought a new stake in Virtu Financial during the fourth quarter valued at approximately $12,575,000. Principal Financial Group Inc. purchased a new position in shares of Virtu Financial during the 2nd quarter worth $9,751,000.
Bank of New York Mellon Corp grew its position in shares of Virtu Financial by 39.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,215,833 shares of the financial services provider’s stock valued at $27,295,000 after acquiring an additional 342,327 shares during the period.
Interval Partners LP purchased a new stake in shares of Virtu Financial in the 1st quarter worth $5,050,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Virtu Financial in the 1st quarter worth $4,349,000. Hedge funds and other institutional investors own 45.
78% of the company’s stock. Virtu Financial Stock Up 1.3 % Shares of VIRT opened at $31.
06 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.
43 and a debt-to-equity ratio of 1.22. Virtu Financial, Inc.
has a 52-week low of $16.02 and a 52-week high of $32.88.
The company has a market cap of $4.88 billion, a PE ratio of 21.72, a P/E/G ratio of 0.
49 and a beta of 0.38. The business has a fifty day moving average of $29.
92 and a 200 day moving average of $24.74. Virtu Financial Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th.
Investors of record on Sunday, September 1st were issued a dividend of $0.24 per share. This represents a $0.
96 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Friday, August 30th.
Virtu Financial’s payout ratio is currently 67.13%. Insider Buying and Selling at Virtu Financial In other news, Director Virginia Gambale sold 5,400 shares of Virtu Financial stock in a transaction on Monday, August 5th.
The stock was sold at an average price of $27.30, for a total transaction of $147,420.00.
Following the completion of the sale, the director now directly owns 24,122 shares in the company, valued at $658,530.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website .
46.70% of the stock is currently owned by corporate insiders. Analyst Ratings Changes VIRT has been the subject of several recent research reports.
The Goldman Sachs Group boosted their price target on Virtu Financial from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, July 22nd.
Bank of America raised their target price on shares of Virtu Financial from $25.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd.
UBS Group upped their price target on shares of Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st.
Piper Sandler raised their price objective on shares of Virtu Financial from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, July 19th.
Finally, StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock.
According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.36.
Read Our Latest Stock Report on Virtu Financial Virtu Financial Profile ( Free Report ) Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.
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