Vinci Compass Investments (NASDAQ:VINP) Sets New 12-Month High – Here’s What Happened

Vinci Compass Investments Ltd. (NASDAQ:VINP) shares hit a new 52-week high on Wednesday . The company traded as high as $12.50 and last traded at $12.28, with a volume of 21952 shares changing hands. The stock had previously closed at $12.43.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VINP. UBS Group boosted their price objective on shares of Vinci Compass Investments from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vinci Compass Investments in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Vinci Compass Investments Stock Performance

The company has a current ratio of 6.68, a quick ratio of 6.68 and a debt-to-equity ratio of 0.44. The stock has a market cap of $794.86 million, a PE ratio of 26.40 and a beta of 0.11. The business’s 50-day moving average price is $11.44 and its 200-day moving average price is $10.38.

Vinci Compass Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, November 24th. Vinci Compass Investments’s dividend payout ratio is currently 127.66%.

Institutional Investors Weigh In On Vinci Compass Investments

Several institutional investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. acquired a new position in shares of Vinci Compass Investments during the second quarter valued at about $31,000. Russell Investments Group Ltd. purchased a new position in shares of Vinci Compass Investments in the second quarter worth $123,000. Citadel Advisors LLC purchased a new position in shares of Vinci Compass Investments in the third quarter worth $159,000. Van ECK Associates Corp lifted its stake in shares of Vinci Compass Investments by 16.6% during the third quarter. Van ECK Associates Corp now owns 15,055 shares of the company’s stock worth $162,000 after buying an additional 2,138 shares during the period. Finally, Nuveen LLC acquired a new stake in Vinci Compass Investments during the 1st quarter worth about $163,000. Institutional investors and hedge funds own 34.07% of the company’s stock.

About Vinci Compass Investments

Vinci Partners Investments Ltd. operates as an asset management firm in Brazil. The company focuses on private markets, liquid strategies, investment products and solutions, and retirement services. It offers private equity, infrastructure, real estate, credit, special situations, equities, hedge funds, and investment products and solutions comprising portfolio and management services.