Emerald Mutual Fund Advisers Trust lowered its position in shares of Virtu Financial Inc. (NASDAQ:VIRT) by 28.0% during the second quarter, Holdings Channel reports. The firm owned 653,734 shares of the company’s stock after selling 253,947 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Virtu Financial were worth $11,767,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of Virtu Financial during the first quarter valued at about $1,625,000. Royal Bank of Canada raised its position in shares of Virtu Financial by 23,148.9% in the first quarter. Royal Bank of Canada now owns 20,459 shares of the company’s stock valued at $452,000 after buying an additional 20,371 shares during the period. Lucus Advisors LLC bought a new position in shares of Virtu Financial during the second quarter valued at about $345,000. Geode Capital Management LLC raised its position in shares of Virtu Financial by 10.2% in the first quarter. Geode Capital Management LLC now owns 165,649 shares of the company’s stock valued at $3,662,000 after buying an additional 15,385 shares during the period. Finally, HRS Investment Holdings LLC raised its stake in Virtu Financial by 75.0% in the first quarter. HRS Investment Holdings LLC now owns 35,000 shares of the company’s stock valued at $774,000 after buying an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.
Virtu Financial Inc. (NASDAQ:VIRT) traded up 0.54% during mid-day trading on Wednesday, reaching $14.96. 465,186 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $16.42 and its 200 day moving average price is $18.19. Virtu Financial Inc. has a one year low of $14.66 and a one year high of $25.72. The firm has a market cap of $572.00 million, a price-to-earnings ratio of 14.32 and a beta of -0.03.
Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The firm had revenue of $174.20 million for the quarter, compared to the consensus estimate of $105.12 million. Virtu Financial had a net margin of 5.15% and a return on equity of 20.34%. The company’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. On average, equities analysts forecast that Virtu Financial Inc. will post $1.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 6.42%. Virtu Financial’s payout ratio is 91.43%.
Separately, Credit Suisse Group AG restated a “sell” rating and set a $16.50 price target on shares of Virtu Financial in a research report on Wednesday, June 29th.
In other news, CEO Douglas A. Cifu acquired 60,000 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were purchased at an average cost of $16.51 per share, for a total transaction of $990,600.00. Following the transaction, the chief executive officer now directly owns 60,000 shares of the company’s stock, valued at $990,600. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 71.00% of the company’s stock.
About Virtu Financial
Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.
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