Neuburgh Advisers LLC Trims Position in Virtu Financial Inc (NASDAQ:VIRT)

Neuburgh Advisers LLC lessened its position in shares of Virtu Financial Inc (NASDAQ:VIRT) by 56.4% in the second quarter, Holdings Channel reports. The fund owned 7,312 shares of the financial services provider’s stock after selling 9,440 shares during the quarter. Neuburgh Advisers LLC’s holdings in Virtu Financial were worth $159,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Virtu Financial by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 521,270 shares of the financial services provider’s stock valued at $13,428,000 after purchasing an additional 32,749 shares during the period. Geode Capital Management LLC grew its holdings in Virtu Financial by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 557,300 shares of the financial services provider’s stock valued at $14,356,000 after purchasing an additional 4,180 shares during the period. SG Americas Securities LLC grew its holdings in Virtu Financial by 59.2% during the first quarter. SG Americas Securities LLC now owns 15,950 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 5,934 shares during the period. Alps Advisors Inc. bought a new stake in Virtu Financial during the first quarter valued at about $377,000. Finally, Stevens Capital Management LP bought a new stake in Virtu Financial during the first quarter valued at about $265,000. Institutional investors own 64.87% of the company’s stock.

VIRT stock traded down $0.32 during midday trading on Friday, reaching $20.11. 23,976 shares of the company traded hands, compared to its average volume of 902,005. Virtu Financial Inc has a 52-week low of $17.61 and a 52-week high of $29.17. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50 day moving average of $19.52 and a 200-day moving average of $22.57. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 3.60 and a beta of -0.54.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.11). Virtu Financial had a net margin of 3.58% and a return on equity of 17.64%. The company had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $262.19 million. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Research analysts anticipate that Virtu Financial Inc will post 1.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.24 per share. The ex-dividend date is Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 4.77%. Virtu Financial’s dividend payout ratio (DPR) is presently 48.98%.

In related news, CEO Douglas A. Cifu acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average cost of $18.58 per share, for a total transaction of $185,800.00. Following the completion of the transaction, the chief executive officer now directly owns 235,000 shares in the company, valued at approximately $4,366,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 63.70% of the company’s stock.

A number of equities analysts have recently weighed in on VIRT shares. Morgan Stanley set a $20.00 price objective on Virtu Financial and gave the stock a “hold” rating in a research note on Friday, August 9th. Zacks Investment Research lowered Virtu Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. ValuEngine raised Virtu Financial from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of Virtu Financial in a research note on Tuesday, September 3rd. Finally, BidaskClub raised Virtu Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Virtu Financial presently has an average rating of “Hold” and a consensus price target of $25.29.

Virtu Financial Company Profile

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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