Old West Investment Management LLC Has $6.62 Million Position in Virtu Financial Inc (VIRT)

Old West Investment Management LLC cut its holdings in Virtu Financial Inc (NASDAQ:VIRT) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 408,547 shares of the financial services provider’s stock after selling 7,298 shares during the period. Virtu Financial accounts for 3.5% of Old West Investment Management LLC’s holdings, making the stock its 9th biggest holding. Old West Investment Management LLC owned 0.22% of Virtu Financial worth $6,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VIRT. Parametric Portfolio Associates LLC grew its holdings in Virtu Financial by 1.0% during the second quarter. Parametric Portfolio Associates LLC now owns 19,112 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 185 shares during the period. Paradigm Asset Management Co. LLC grew its holdings in Virtu Financial by 0.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 39,210 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 200 shares during the period. Forward Management LLC raised its position in Virtu Financial by 1.1% in the second quarter. Forward Management LLC now owns 31,119 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 325 shares during the period. Teachers Advisors LLC raised its position in Virtu Financial by 1.7% in the first quarter. Teachers Advisors LLC now owns 55,958 shares of the financial services provider’s stock valued at $951,000 after purchasing an additional 955 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Virtu Financial by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 280,337 shares of the financial services provider’s stock valued at $4,949,000 after purchasing an additional 1,221 shares during the period. 26.58% of the stock is currently owned by institutional investors.

Virtu Financial Inc (NASDAQ VIRT) opened at $16.20 on Thursday. The firm has a market cap of $3,107.69, a price-to-earnings ratio of 28.14 and a beta of 0.38. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.23. Virtu Financial Inc has a 52-week low of $13.10 and a 52-week high of $19.07.

Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. Virtu Financial had a net margin of 0.13% and a return on equity of 11.56%. The company had revenue of $159.79 million for the quarter, compared to analyst estimates of $157.40 million. During the same period in the prior year, the business earned $0.20 earnings per share. Virtu Financial’s quarterly revenue was up 64.4% on a year-over-year basis. equities analysts expect that Virtu Financial Inc will post 0.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.93%. The ex-dividend date is Thursday, November 30th. Virtu Financial’s dividend payout ratio is currently 600.04%.

A number of brokerages have recently weighed in on VIRT. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $13.00 price objective on shares of Virtu Financial in a research note on Wednesday, October 18th. Citigroup raised Virtu Financial from a “sell” rating to a “neutral” rating and set a $15.00 price objective for the company in a research note on Wednesday, November 8th. Rosenblatt Securities began coverage on Virtu Financial in a research note on Friday, September 15th. They issued a “neutral” rating and a $18.00 price objective for the company. TheStreet cut Virtu Financial from a “c-” rating to a “d+” rating in a research note on Thursday, October 12th. Finally, Evercore ISI started coverage on Virtu Financial in a research note on Monday, October 2nd. They set an “in-line” rating and a $17.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $16.86.

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About Virtu Financial

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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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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