Virtu Financial Inc. (VIRT) Shares Down 3%
Shares of Virtu Financial Inc. (NASDAQ:VIRT) fell 3% during mid-day trading on Monday . The company traded as low as $16.86 and last traded at $16.87, with a volume of 331,716 shares traded. The stock had previously closed at $17.40.
Separately, Credit Suisse Group AG restated a “sell” rating and set a $16.50 price objective on shares of Virtu Financial in a report on Wednesday, June 29th.
The company has a market capitalization of $642.35 million and a price-to-earnings ratio of 16.08. The stock has a 50 day moving average price of $17.10 and a 200-day moving average price of $19.29.
Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The business earned $174.20 million during the quarter, compared to the consensus estimate of $105.12 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Analysts forecast that Virtu Financial Inc. will post $1.01 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 $0.24 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.96 annualized dividend and a yield of 5.71%.
In other news, CEO Douglas A. Cifu bought 60,000 shares of the stock in a transaction dated Friday, August 5th. The stock was purchased at an average cost of $16.51 per share, for a total transaction of $990,600.00. Following 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 can be accessed through this link.
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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