Virtu Financial Inc. (VIRT) Sees Strong Trading Volume
Virtu Financial Inc. (NASDAQ:VIRT) saw unusually-high trading volume on Friday . Approximately 321,935 shares were traded during trading, a decline of 6% from the previous session’s volume of 341,938 shares.The stock last traded at $17.43 and had previously closed at $17.29.
Separately, Credit Suisse Group AG restated a “sell” rating and set a $16.50 target price on shares of Virtu Financial in a report on Wednesday, June 29th.
The firm has a market capitalization of $665.29 million and a PE ratio of 16.65. The firm’s 50-day moving average is $17.10 and its 200-day moving average is $19.29.
Virtu Financial (NASDAQ:VIRT) last released its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, meeting the 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. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. Analysts anticipate that Virtu Financial Inc. will post $1.02 earnings per share for the current fiscal 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 given a dividend of $0.24 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 5.52%.
In other news, CEO Douglas A. Cifu purchased 60,000 shares of the stock in a transaction dated Friday, August 5th. The stock was acquired at an average price of $16.51 per share, for a total transaction of $990,600.00. Following the completion of the transaction, the chief executive officer now owns 60,000 shares of the company’s stock, valued at $990,600. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
A hedge fund recently bought a new stake in Virtu Financial stock. Swiss National Bank purchased a new stake in Virtu Financial Inc. (NASDAQ:VIRT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the SEC.
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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