EntryPoint Capital LLC Purchases New Position in Virtu Financial, Inc. (NASDAQ:VIRT)

EntryPoint Capital LLC purchased a new position in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,632 shares of the financial services provider's stock, valued at approximately $344,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VIRT. Cerity Partners LLC lifted its stake in shares of Virtu Financial by 9.1% during the 3rd quarter. Cerity Partners LLC now owns 14,434 shares of the financial services provider's stock worth $440,000 after acquiring an additional 1,200 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in Virtu Financial by 507.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 11,526 shares of the financial services provider's stock worth $351,000 after purchasing an additional 9,628 shares during the period. Private Trust Co. NA lifted its position in shares of Virtu Financial by 158.2% during the third quarter. Private Trust Co. NA now owns 5,856 shares of the financial services provider's stock worth $178,000 after purchasing an additional 3,588 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Virtu Financial by 734.9% during the third quarter. Bank of Montreal Can now owns 93,743 shares of the financial services provider's stock valued at $2,902,000 after purchasing an additional 82,515 shares during the period. Finally, FMR LLC grew its holdings in shares of Virtu Financial by 38.0% in the third quarter. FMR LLC now owns 4,974,095 shares of the financial services provider's stock worth $151,511,000 after purchasing an additional 1,368,419 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, EVP Stephen Cavoli sold 34,000 shares of Virtu Financial stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the completion of the transaction, the executive vice president now directly owns 157,703 shares in the company, valued at approximately $5,899,669.23. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $36.84, for a total value of $2,688,104.28. Following the completion of the sale, the chief operating officer now owns 90,749 shares in the company, valued at approximately $3,343,193.16. This represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,967 shares of company stock valued at $5,213,964. Company insiders own 46.70% of the company's stock.

Wall Street Analyst Weigh In

VIRT has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Morgan Stanley lifted their price target on shares of Virtu Financial from $31.00 to $33.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $31.36.

Virtu Financial Stock Up 1.0 %

NASDAQ VIRT traded up $0.36 on Monday, hitting $38.12. The stock had a trading volume of 767,243 shares, compared to its average volume of 1,167,143. The business's fifty day moving average price is $37.46 and its 200 day moving average price is $35.43. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. 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 52-week low of $20.15 and a 52-week high of $41.38.

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

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.52%. Virtu Financial's payout ratio is presently 32.32%.

Virtu Financial 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.