Virtu Financial, Inc. (NASDAQ:VIRT) is Old West Investment Management LLC's Largest Position

Old West Investment Management LLC increased its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 672,490 shares of the financial services provider's stock after acquiring an additional 14,800 shares during the quarter. Virtu Financial comprises 9.7% of Old West Investment Management LLC's portfolio, making the stock its biggest holding. Old West Investment Management LLC owned 0.43% of Virtu Financial worth $23,994,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its stake in Virtu Financial by 180.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 948,590 shares of the financial services provider's stock valued at $33,846,000 after buying an additional 609,821 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Virtu Financial during the fourth quarter worth approximately $12,196,000. Norges Bank bought a new stake in shares of Virtu Financial in the 4th quarter valued at $12,018,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Virtu Financial by 28.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 834,418 shares of the financial services provider's stock valued at $30,027,000 after purchasing an additional 183,823 shares during the period. Finally, Edgestream Partners L.P. raised its holdings in shares of Virtu Financial by 538.4% during the fourth quarter. Edgestream Partners L.P. now owns 193,812 shares of the financial services provider's stock valued at $6,915,000 after purchasing an additional 163,454 shares during the period. Institutional investors own 45.78% of the company's stock.

Insider Transactions at Virtu Financial

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 sale, the executive vice president now directly owns 157,703 shares in the company, valued at $5,899,669.23. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 90,749 shares of the company's stock, valued at approximately $3,343,193.16. This trade represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,967 shares of company stock worth $5,213,964. Company insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VIRT shares. 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 research report on Tuesday. Bank of America lowered their target price on shares of Virtu Financial from $56.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Piper Sandler lifted their price target on Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $32.21.

Virtu Financial Price Performance

Virtu Financial stock traded down $0.03 during midday trading on Thursday, reaching $35.80. 528,982 shares of the stock were exchanged, compared to its average volume of 1,178,371. The company's fifty day moving average is $36.93 and its 200-day moving average is $35.63. The firm has a market cap of $5.55 billion, a PE ratio of 11.96, a PEG ratio of 1.43 and a beta of 0.71. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 1.13. 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 posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.32. Virtu Financial had a net margin of 9.61% and a return on equity of 27.39%. On average, sell-side analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's dividend payout ratio (DPR) 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.