RBF Capital LLC Buys Shares of 10,000 Virtu Financial, Inc. (NASDAQ:VIRT)

RBF Capital LLC purchased a new stake in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the financial services provider's stock, valued at approximately $357,000.

Several other large investors have also recently added to or reduced their stakes in VIRT. FMR LLC increased its stake in Virtu Financial by 28.2% during the 4th quarter. FMR LLC now owns 6,375,783 shares of the financial services provider's stock valued at $227,488,000 after buying an additional 1,401,688 shares during the period. Los Angeles Capital Management LLC boosted its stake in Virtu Financial by 5.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,031,630 shares of the financial services provider's stock valued at $36,809,000 after purchasing an additional 52,800 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Virtu Financial by 180.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 948,590 shares of the financial services provider's stock valued at $33,846,000 after purchasing an additional 609,821 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Virtu Financial by 28.3% in 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 buying an additional 183,823 shares during the period. Finally, Invesco Ltd. boosted its stake in Virtu Financial by 11.4% during the fourth quarter. Invesco Ltd. now owns 802,391 shares of the financial services provider's stock valued at $28,629,000 after buying an additional 82,396 shares in the last quarter. 45.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VIRT has been the subject of several research reports. Piper Sandler raised their price objective on shares of Virtu Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Morgan Stanley downgraded Virtu Financial from an "equal weight" rating to an "underweight" rating and set a $26.00 target price for the company. in a report on Tuesday, April 8th. Finally, Bank of America cut their price objective on Virtu Financial from $56.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $32.21.

Virtu Financial Price Performance

Shares of NASDAQ:VIRT opened at $39.11 on Thursday. The business has a fifty day simple moving average of $36.78 and a 200 day simple moving average of $36.07. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. Virtu Financial, Inc. has a 1 year low of $21.38 and a 1 year high of $41.38. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.43 and a beta of 0.71.

Virtu Financial (NASDAQ:VIRT - Get Free Report) last released 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 predict that Virtu Financial, Inc. will post 3.13 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial's dividend payout ratio is presently 32.32%.

Insiders Place Their Bets

In related news, EVP Stephen Cavoli sold 34,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $37.41, for a total transaction of $1,271,940.00. Following the completion of the sale, the executive vice president now directly owns 157,703 shares of the company's stock, valued at approximately $5,899,669.23. This represents a 17.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brett Fairclough sold 72,967 shares of Virtu Financial stock in a transaction on Wednesday, February 12th. The stock was 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 $3,343,193.16. This trade represents a 44.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,967 shares of company stock valued at $5,213,964 over the last three months. 46.70% of the stock is currently owned by insiders.

About Virtu Financial

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.

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