Virtu Financial Inc. (VIRT) Reaches New 1-Year Low at $16.75
Virtu Financial Inc. (NASDAQ:VIRT)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $16.75 and last traded at $16.86, with a volume of 256,614 shares trading hands. The stock had previously closed at $17.15.
Separately, Credit Suisse Group AG reissued a “sell” rating on shares of Virtu Financial in a report on Sunday, April 10th.
The company’s market cap is $625.14 million. The company has a 50-day moving average price of $17.51 and a 200 day moving average price of $19.94.
Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The firm earned $174.20 million during the quarter, compared to analyst estimates of $105.12 million. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. Equities analysts anticipate that Virtu Financial Inc. will post $1.12 earnings per share for the current year.
In other Virtu Financial news, SVP Venu Palaparthi acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average price of $17.36 per share, with a total value of $34,720.00. Following the purchase, the senior vice president now owns 3,032 shares in the company, valued at $52,635.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Other hedge funds have made changes to their positions in the company. First Trust Advisors LP boosted its stake in shares of Virtu Financial by 0.5% in the fourth quarter. First Trust Advisors LP now owns 100,048 shares of the company’s stock valued at $2,265,000 after buying an additional 464 shares in the last quarter. UBS Oconnor LLC purchased a new position in Virtu Financial during the fourth quarter worth $1,077,000. Swiss National Bank purchased a new position in Virtu Financial during the fourth quarter worth $1,127,000. Nationwide Fund Advisors raised its position in Virtu Financial by 454.9% in the fourth quarter. Nationwide Fund Advisors now owns 67,069 shares of the company’s stock worth $1,518,000 after buying an additional 54,982 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Virtu Financial by 14.1% in the fourth quarter. Wells Fargo & Company MN now owns 733,207 shares of the company’s stock worth $16,600,000 after buying an additional 90,840 shares in the last quarter.
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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