Lucus Advisors LLC purchased a new position in shares of Virtu Financial Inc. (NASDAQ:VIRT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,143 shares of the company’s stock, valued at approximately $345,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of VIRT. JPMorgan Chase & Co. bought a new position in shares of Virtu Financial during the first quarter worth about $1,625,000. Royal Bank of Canada raised its position in shares of Virtu Financial by 23,148.9% in the first quarter. Royal Bank of Canada now owns 20,459 shares of the company’s stock worth $452,000 after buying an additional 20,371 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Virtu Financial by 10.2% in the first quarter. Geode Capital Management LLC now owns 165,649 shares of the company’s stock worth $3,662,000 after buying an additional 15,385 shares during the last quarter. HRS Investment Holdings LLC raised its position in shares of Virtu Financial by 75.0% in the first quarter. HRS Investment Holdings LLC now owns 35,000 shares of the company’s stock worth $774,000 after buying an additional 15,000 shares during the last quarter. Finally, Forward Management LLC raised its position in shares of Virtu Financial by 69.6% in the first quarter. Forward Management LLC now owns 33,472 shares of the company’s stock worth $740,000 after buying an additional 13,741 shares during the last quarter. Institutional investors and hedge funds own 94.26% of the company’s stock.
Virtu Financial Inc. (NASDAQ:VIRT) traded down 0.33% during mid-day trading on Monday, hitting $14.92. 388,623 shares of the stock were exchanged. The firm has a market cap of $570.47 million, a price-to-earnings ratio of 14.28 and a beta of -0.03. The company has a 50 day moving average price of $16.47 and a 200 day moving average price of $18.26. Virtu Financial Inc. has a 52-week low of $14.66 and a 52-week high of $25.72.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Virtu Financial had a net margin of 5.15% and a return on equity of 20.34%. The firm earned $174.20 million during the quarter, compared to analysts’ expectations of $105.12 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts anticipate that Virtu Financial Inc. will post $1.00 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 6.43%. Virtu Financial’s dividend payout ratio is currently 91.43%.
Separately, Credit Suisse Group AG restated a “sell” rating and set a $16.50 price target on shares of Virtu Financial in a research note on Wednesday, June 29th.
In other news, CEO Douglas A. Cifu purchased 60,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was bought at an average price of $16.51 per share, for a total transaction of $990,600.00. Following the completion of the purchase, the chief executive officer now directly owns 60,000 shares of the company’s stock, valued at $990,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 71.00% of the stock is currently owned by corporate insiders.
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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