Virtu Financial Inc. (VIRT) Trading Down 1.7%
Virtu Financial Inc. (NASDAQ:VIRT)’s share price traded down 1.7% during mid-day trading on Wednesday . The company traded as low as $16.27 and last traded at $16.45, with a volume of 255,065 shares traded. The stock had previously closed at $16.74.
Separately, Credit Suisse Group AG reissued a “sell” rating on shares of Virtu Financial in a report on Sunday, April 10th.
The company’s 50 day moving average is $17.46 and its 200 day moving average is $19.91. The stock’s market cap is $644.26 million.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.24. The business had revenue of $174.20 million for the quarter, compared to the consensus estimate of $105.12 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts forecast that Virtu Financial Inc. will post $1.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 6.01%.
In other Virtu Financial news, SVP Venu Palaparthi purchased 2,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was acquired at an average price of $17.36 per share, for a total transaction of $34,720.00. Following the purchase, the senior vice president now owns 3,032 shares of the company’s stock, valued at approximately $52,635.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Other hedge funds have made changes to their positions in the company. Nationwide Fund Advisors raised its stake in shares of 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 during the period. Swiss National Bank purchased a new position in Virtu Financial during the fourth quarter worth about $1,127,000. First Trust Advisors LP increased its position in Virtu Financial by 0.5% in the fourth quarter. First Trust Advisors LP now owns 100,048 shares of the company’s stock worth $2,265,000 after buying an additional 464 shares in the last quarter. Boston Partners purchased a new position in Virtu Financial during the fourth quarter worth about $2,335,000. Finally, Wells Fargo & Company MN increased 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.