SPX Gestao de Recursos Ltda reduced its position in Vinci Partners Investments Ltd. (NASDAQ:VINP - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,368,286 shares of the company's stock after selling 194,349 shares during the quarter. Vinci Partners Investments makes up about 5.1% of SPX Gestao de Recursos Ltda's investment portfolio, making the stock its 4th largest holding. SPX Gestao de Recursos Ltda owned approximately 6.26% of Vinci Partners Investments worth $33,919,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its stake in Vinci Partners Investments by 391.0% in the 3rd quarter. State Street Corp now owns 105,534 shares of the company's stock worth $1,048,000 after purchasing an additional 84,040 shares during the period. Van ECK Associates Corp boosted its position in shares of Vinci Partners Investments by 15.2% during the fourth quarter. Van ECK Associates Corp now owns 14,646 shares of the company's stock worth $147,000 after acquiring an additional 1,929 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Vinci Partners Investments during the third quarter valued at $45,000. 34.07% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group reiterated a "buy" rating and issued a $13.00 price target on shares of Vinci Partners Investments in a research note on Thursday, December 5th.
Check Out Our Latest Stock Report on Vinci Partners Investments
Vinci Partners Investments Price Performance
NASDAQ VINP traded down $0.25 during trading on Thursday, hitting $9.34. 87,977 shares of the stock traded hands, compared to its average volume of 59,198. The company has a quick ratio of 12.68, a current ratio of 12.68 and a debt-to-equity ratio of 0.51. Vinci Partners Investments Ltd. has a 12-month low of $9.01 and a 12-month high of $11.62. The firm has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $10.13. The company has a market capitalization of $502.30 million, a P/E ratio of 15.06 and a beta of 0.11.
Vinci Partners Investments Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date is Thursday, March 13th. Vinci Partners Investments's dividend payout ratio (DPR) is presently 96.77%.
Vinci Partners Investments Company Profile
(
Free Report)
Vinci Partners Investments Ltd. operates as an asset management firm in Brazil. The company focuses on private markets, liquid strategies, investment products and solutions, and retirement services. It offers private equity, infrastructure, real estate, credit, special situations, equities, hedge funds, and investment products and solutions comprising portfolio and management services.
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