Dynamic Technology Lab Private Ltd Cuts Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Dynamic Technology Lab Private Ltd cut its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 85.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,978 shares of the financial services provider's stock after selling 46,519 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Virtu Financial were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VIRT. R Squared Ltd purchased a new stake in shares of Virtu Financial in the 4th quarter valued at approximately $25,000. Kestra Investment Management LLC acquired a new position in shares of Virtu Financial in the fourth quarter worth $28,000. Smartleaf Asset Management LLC grew its stake in Virtu Financial by 172.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 870 shares of the financial services provider's stock worth $31,000 after purchasing an additional 551 shares in the last quarter. Albion Financial Group UT acquired a new position in shares of Virtu Financial during the fourth quarter worth about $45,000. Finally, SBI Securities Co. Ltd. acquired a new position in Virtu Financial during the 4th quarter worth approximately $47,000. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Virtu Financial news, EVP Stephen Cavoli sold 34,000 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $36.88, for a total transaction of $1,253,920.00. Following the completion of the transaction, the executive vice president now owns 191,703 shares of the company's stock, valued at approximately $7,070,006.64. This trade represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Brett Fairclough sold 72,967 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total transaction of $2,688,104.28. Following the completion of the transaction, the chief operating officer now owns 90,749 shares in the company, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,967 shares of company stock worth $5,213,964 over the last ninety days. 46.70% of the stock is currently owned by insiders.

Virtu Financial Price Performance

Shares of VIRT stock traded down $0.29 during midday trading on Wednesday, reaching $38.36. 192,896 shares of the company traded hands, compared to its average volume of 1,182,429. The firm's 50 day simple moving average is $36.69 and its two-hundred day simple moving average is $35.81. The firm has a market cap of $5.94 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.13 and a quick ratio of 0.46. Virtu Financial, Inc. has a 1-year low of $20.30 and a 1-year high of $41.38.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. On average, equities research analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Friday, February 28th. Virtu Financial's dividend payout ratio (DPR) is presently 32.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler upped their price objective on Virtu Financial from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Bank of America dropped their price objective on shares of Virtu Financial from $56.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Morgan Stanley lowered Virtu Financial from an "equal weight" rating to an "underweight" rating and set a $26.00 target price on the stock. in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Virtu Financial has an average rating of "Hold" and a consensus price target of $32.21.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.