Proficio Capital Partners LLC Takes Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Proficio Capital Partners LLC bought a new stake in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,936 shares of the financial services provider's stock, valued at approximately $1,032,000.

A number of other hedge funds have also recently bought and sold shares of VIRT. R Squared Ltd purchased a new stake in shares of Virtu Financial during the 4th quarter valued at about $25,000. Kestra Investment Management LLC acquired a new position in Virtu Financial in the fourth quarter valued at approximately $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 buying an additional 551 shares during the last quarter. Albion Financial Group UT acquired a new stake in Virtu Financial in the fourth quarter worth $45,000. Finally, SBI Securities Co. Ltd. acquired a new position in Virtu Financial during the 4th quarter worth $47,000. Institutional investors and hedge funds own 45.78% of the company's stock.

Wall Street Analyst Weigh In

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

Remove Ads

Insider Buying and Selling at Virtu Financial

In related news, EVP Stephen Cavoli sold 34,000 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $36.88, for a total value of $1,253,920.00. Following the completion of the transaction, the executive vice president now directly owns 191,703 shares in the company, valued at approximately $7,070,006.64. The trade was a 15.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of the 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 sale, the chief operating officer now directly owns 90,749 shares of the company's stock, valued at approximately $3,343,193.16. The trade was a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,967 shares of company stock valued at $5,213,964. Corporate insiders own 46.70% of the company's stock.

Virtu Financial Trading Up 2.4 %

VIRT stock traded up $0.94 during midday trading on Tuesday, reaching $39.82. The company's stock had a trading volume of 781,610 shares, compared to its average volume of 1,131,752. The business's 50-day simple moving average is $37.27 and its 200-day simple moving average is $35.18. The stock has a market cap of $6.17 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. Virtu Financial, Inc. has a 52 week low of $20.07 and a 52 week high of $41.38. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. As a group, sell-side analysts expect that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's dividend payout ratio is currently 32.32%.

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.