SPX Gestao de Recursos Ltda Grows Stock Holdings in Vinci Partners Investments Ltd. (NASDAQ:VINP)

SPX Gestao de Recursos Ltda lifted its stake in shares of Vinci Partners Investments Ltd. (NASDAQ:VINP - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,562,635 shares of the company's stock after purchasing an additional 115,545 shares during the quarter. Vinci Partners Investments accounts for 4.7% of SPX Gestao de Recursos Ltda's holdings, making the stock its 6th biggest holding. SPX Gestao de Recursos Ltda owned approximately 6.62% of Vinci Partners Investments worth $35,377,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of VINP. Driehaus Capital Management LLC increased its position in Vinci Partners Investments by 6.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 154,158 shares of the company's stock worth $1,680,000 after purchasing an additional 9,803 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Vinci Partners Investments by 209.1% during the 2nd quarter. National Bank of Canada FI now owns 139,655 shares of the company's stock valued at $1,522,000 after acquiring an additional 94,467 shares during the period. State Street Corp grew its stake in shares of Vinci Partners Investments by 391.0% in the 3rd quarter. State Street Corp now owns 105,534 shares of the company's stock valued at $1,048,000 after buying an additional 84,040 shares during the period. Van ECK Associates Corp grew its stake in shares of Vinci Partners Investments by 10.5% in the 3rd quarter. Van ECK Associates Corp now owns 12,717 shares of the company's stock valued at $127,000 after buying an additional 1,208 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Vinci Partners Investments during the 3rd quarter worth approximately $45,000. Institutional investors own 34.07% of the company's stock.

Vinci Partners Investments Stock Down 1.0 %

Shares of NASDAQ:VINP traded down $0.11 during midday trading on Friday, hitting $10.69. 31,709 shares of the company's stock were exchanged, compared to its average volume of 63,277. The company has a debt-to-equity ratio of 0.51, a current ratio of 12.68 and a quick ratio of 12.68. Vinci Partners Investments Ltd. has a 12 month low of $9.01 and a 12 month high of $11.85. The company has a market cap of $574.90 million, a PE ratio of 17.24 and a beta of 0.09. The stock has a 50 day moving average price of $10.31 and a 200-day moving average price of $10.52.

Vinci Partners Investments Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend was Wednesday, November 20th. Vinci Partners Investments's dividend payout ratio (DPR) is presently 103.23%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group restated a "buy" rating and set a $13.00 price objective on shares of Vinci Partners Investments in a report on Thursday, December 5th.

About Vinci Partners Investments

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.