Virtu Financial Inc. (VIRT) Trading Up 2.7%
Virtu Financial Inc. (NASDAQ:VIRT) was up 2.7% during mid-day trading on Tuesday . The company traded as high as $17.21 and last traded at $17.20, with a volume of 144,861 shares. The stock had previously closed at $16.75.
Separately, Credit Suisse Group AG reaffirmed a “sell” rating and issued a $16.50 target price on shares of Virtu Financial in a report on Wednesday, June 29th.
The firm has a market cap of $636.61 million and a PE ratio of 15.93. The firm’s 50 day moving average price is $17.24 and its 200 day moving average price is $19.53.
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 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. Virtu Financial’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. On average, analysts expect that Virtu Financial Inc. will post $1.02 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.24 per share. 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 other news, CEO Douglas A. Cifu purchased 60,000 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were purchased at an average price of $16.51 per share, for a total transaction of $990,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 60,000 shares in the company, valued at approximately $990,600. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Venu Palaparthi purchased 2,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were purchased at an average price of $17.36 per share, for a total transaction of $34,720.00. Following the acquisition, the senior vice president now owns 3,032 shares of the company’s stock, valued at $52,635.52. 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 shares of Virtu Financial Inc. (NASDAQ:VIRT) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 49,800 shares of the company’s stock, valued at approximately $1,127,000. Swiss National Bank owned 0.15% of Virtu Financial at the end of the most recent 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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