Vinci Compass Investments (NASDAQ:VINP) Stock Crosses Below 200-Day Moving Average on Insider Selling

Vinci Compass Investments Ltd. (NASDAQ:VINP) passed below its 200-day moving average during trading on Monday after an insider sold shares in the company. The stock has a 200-day moving average of $10.61 and traded as low as $8.91. Vinci Compass Investments shares last traded at $9.16, with a volume of 441,253 shares traded.

Specifically, insider Fernando Lovisotto sold 13,452 shares of Vinci Compass Investments stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $11.41, for a total transaction of $153,487.32. Following the completion of the transaction, the insider directly owned 875,954 shares of the company’s stock, valued at approximately $9,994,635.14. The trade was a 1.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Augusto Zaremba sold 19,815 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $11.43, for a total value of $226,485.45. Following the completion of the transaction, the insider directly owned 915,442 shares in the company, valued at $10,463,502.06. This trade represents a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, insider Augusto Zaremba sold 7,291 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $11.42, for a total transaction of $83,263.22. Following the transaction, the insider directly owned 935,257 shares of the company’s stock, valued at approximately $10,680,634.94. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

VINP has been the topic of several recent research reports. Weiss Ratings upgraded shares of Vinci Compass Investments from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Zacks Research downgraded shares of Vinci Compass Investments from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 10th. Finally, JPMorgan Chase & Co. decreased their target price on Vinci Compass Investments from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, September 10th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Vinci Compass Investments Price Performance

The company has a 50-day moving average of $9.95 and a 200 day moving average of $10.61. The stock has a market capitalization of $599.25 million, a PE ratio of 13.09 and a beta of 0.26. The company has a quick ratio of 3.58, a current ratio of 3.58 and a debt-to-equity ratio of 0.38.

Vinci Compass Investments (NASDAQ:VINP) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Vinci Compass Investments had a return on equity of 12.65% and a net margin of 23.77%. The business had revenue of $54.05 million for the quarter, compared to analyst estimates of $56.12 million. Sell-side analysts predict that Vinci Compass Investments Ltd. will post 0.80 EPS for the current year.

Vinci Compass Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 25th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $0.68 annualized dividend and a dividend yield of 7.4%. Vinci Compass Investments’s payout ratio is presently 97.14%.

Institutional Trading of Vinci Compass Investments

Several hedge funds have recently made changes to their positions in the company. SPX Gestao de Recursos Ltda increased its stake in shares of Vinci Compass Investments by 16.8% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,672,173 shares of the company’s stock worth $49,291,000 after purchasing an additional 671,448 shares in the last quarter. Endure Capital Management LLC purchased a new position in Vinci Compass Investments in the 1st quarter valued at approximately $3,531,000. Rockefeller Capital Management L.P. purchased a new position in Vinci Compass Investments in the 4th quarter valued at approximately $1,324,000. Renaissance Technologies LLC grew its position in shares of Vinci Compass Investments by 12.2% in the first quarter. Renaissance Technologies LLC now owns 84,900 shares of the company’s stock valued at $896,000 after purchasing an additional 9,264 shares in the last quarter. Finally, Deltec Asset Management LLC grew its position in shares of Vinci Compass Investments by 136.1% in the first quarter. Deltec Asset Management LLC now owns 59,934 shares of the company’s stock valued at $632,000 after purchasing an additional 34,553 shares in the last quarter. Hedge funds and other institutional investors own 34.07% of the company’s stock.

About Vinci Compass Investments

Vinci Compass Investments Ltd. is an alternative investment platform focused on Latin America. The company manages capital for institutional investors, family offices, high-net-worth individuals and other clients through a range of public- and private-market strategies.

Its investment activities include private equity, infrastructure, real estate, private credit, hedge funds, equities, fixed income and other customized investment solutions. Through its Vinci and Compass businesses, the company provides asset management and advisory services designed to give clients access to opportunities across Brazil and other Latin American markets.

Vinci Partners, the company’s principal operating business, was founded in Brazil in 2009.