Virtu Financial Inc. (VIRT) Position Held by Royce & Associates LP
Royce & Associates LP continued to hold its stake in shares of Virtu Financial Inc. (NASDAQ:VIRT) during the second quarter, Holdings Channel reports. The firm owned 18,100 shares of the company’s stock at the end of the second quarter. Royce & Associates LP’s holdings in Virtu Financial were worth $326,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Virtu Financial during the first quarter worth about $1,625,000. Forward Management LLC increased its stake in shares of Virtu Financial by 69.6% in the first quarter. Forward Management LLC now owns 33,472 shares of the company’s stock worth $740,000 after buying an additional 13,741 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Virtu Financial by 10.2% in the first quarter. Geode Capital Management LLC now owns 165,649 shares of the company’s stock worth $3,662,000 after buying an additional 15,385 shares during the last quarter. HBK Investments L P increased its stake in shares of Virtu Financial by 8.4% in the first quarter. HBK Investments L P now owns 11,490 shares of the company’s stock worth $254,000 after buying an additional 890 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Virtu Financial by 30.9% in the first quarter. Renaissance Technologies LLC now owns 177,000 shares of the company’s stock worth $3,913,000 after buying an additional 41,800 shares during the last quarter. 94.31% of the stock is owned by institutional investors and hedge funds.
Virtu Financial Inc. (NASDAQ:VIRT) traded down 2.60% on Thursday, hitting $16.10. 571,020 shares of the stock were exchanged. The stock has a market cap of $615.58 million, a price-to-earnings ratio of 15.41 and a beta of -0.05. Virtu Financial Inc. has a 12 month low of $15.88 and a 12 month high of $25.72. The company has a 50-day moving average of $16.73 and a 200-day moving average of $18.71.
Virtu Financial (NASDAQ:VIRT) last announced its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $174.20 million for the quarter, compared to analyst estimates of $105.12 million. Virtu Financial had a net margin of 5.15% and a return on equity of 20.34%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, equities analysts predict that Virtu Financial Inc. will post $1.00 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.81%. Virtu Financial’s dividend payout ratio (DPR) is currently 91.43%.
Separately, Credit Suisse Group AG reaffirmed a “sell” rating and issued a $16.50 price objective on shares of Virtu Financial in a research report on Wednesday, June 29th.
In other Virtu Financial news, CEO Douglas A. Cifu purchased 60,000 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was bought at an average cost of $16.51 per share, with a total value of $990,600.00. Following the transaction, the chief executive officer now directly owns 60,000 shares in the company, valued at approximately $990,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 71.00% of the company’s stock.
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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