Virtu Financial (NASDAQ:VIRT) Sets New 52-Week Low at $14.95

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Virtu Financial Inc (NASDAQ:VIRT)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $14.95 and last traded at $14.98, with a volume of 3610 shares. The stock had previously closed at $15.29.

VIRT has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Virtu Financial from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Zacks Investment Research raised Virtu Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 11th. Compass Point set a $18.00 price objective on Virtu Financial and gave the stock a “hold” rating in a research note on Wednesday, October 9th. UBS Group downgraded Virtu Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $21.00 to $17.00 in a research note on Friday, November 8th. Finally, Citigroup set a $18.00 price objective on Virtu Financial and gave the stock a “hold” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.81.

The company has a 50 day simple moving average of $16.04 and a 200-day simple moving average of $17.83. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 41.05, a P/E/G ratio of 2.17 and a beta of -0.56. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. Virtu Financial had a return on equity of 18.75% and a net margin of 2.55%. The firm had revenue of $245.00 million for the quarter, compared to the consensus estimate of $241.79 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. Equities analysts forecast that Virtu Financial Inc will post 0.76 earnings per share for the current fiscal year.

In other news, CEO Douglas A. Cifu purchased 20,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average price of $16.24 per share, with a total value of $324,800.00. Following the purchase, the chief executive officer now directly owns 255,000 shares of the company’s stock, valued at approximately $4,141,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 63.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in VIRT. Janney Montgomery Scott LLC grew its stake in shares of Virtu Financial by 10.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 183,860 shares of the financial services provider’s stock worth $2,940,000 after buying an additional 17,020 shares during the last quarter. Sciencast Management LP lifted its holdings in shares of Virtu Financial by 19.4% during the fourth quarter. Sciencast Management LP now owns 18,022 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 2,922 shares during the period. Advisors Capital Management LLC lifted its holdings in shares of Virtu Financial by 21.9% during the fourth quarter. Advisors Capital Management LLC now owns 28,434 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 5,110 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Virtu Financial during the fourth quarter worth $41,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Virtu Financial by 50.7% during the third quarter. Squarepoint Ops LLC now owns 29,759 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 10,016 shares during the period. Institutional investors own 66.66% of the company’s stock.

About Virtu Financial (NASDAQ:VIRT)

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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