Virtu Financial Inc. (VIRT) Shares Down 2.5%
Virtu Financial Inc. (NASDAQ:VIRT) shares were down 2.5% on Wednesday . The company traded as low as $16.53 and last traded at $16.65, with a volume of 129,541 shares traded. The stock had previously closed at $17.08.
Separately, Credit Suisse Group AG reissued a “sell” rating and set a $16.50 price objective on shares of Virtu Financial in a research note on Wednesday, June 29th.
The firm has a market capitalization of $636.61 million and a price-to-earnings ratio of 15.93. The firm has a 50-day moving average price of $17.24 and a 200 day moving average price of $19.53.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. During the same period in the prior year, the company earned $0.27 EPS. The business had revenue of $174.20 million for the quarter, compared to the consensus estimate of $105.12 million. Virtu Financial’s quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts predict that Virtu Financial Inc. will post $1.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Tuesday, August 30th.
In related news, SVP Venu Palaparthi purchased 2,000 shares of Virtu Financial stock in a transaction dated Monday, May 23rd. The stock was bought at an average cost 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 approximately $52,635.52. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas A. Cifu purchased 60,000 shares of Virtu Financial stock in a transaction dated 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 completion of the purchase, the chief executive officer now owns 60,000 shares in the company, valued at approximately $990,600. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in Virtu Financial stock. Swiss National Bank purchased a new position in Virtu Financial Inc. (NASDAQ:VIRT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 49,800 shares of the company’s stock, valued at approximately $1,127,000. Swiss National Bank owned approximately 0.15% of Virtu Financial as of its most recent SEC filing.
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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