Shares of Virtu Financial (NASDAQ:VIRT) remained flat at $14.63 during mid-day trading on Friday. The company had a trading volume of 70,623 shares. Virtu Financial has a 1-year low of $14.47 and a 1-year high of $25.72. The stock has a market cap of $559.38 million, a P/E ratio of 14.00 and a beta of -0.03. The firm’s 50 day moving average price is $16.25 and its 200-day moving average price is $18.08.
Virtu Financial (NASDAQ:VIRT) last posted its earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The company had revenue of $174.20 million for the quarter, compared to analysts’ expectations of $105.12 million. Virtu Financial had a return on equity of 20.34% and a net margin of 5.15%. Virtu Financial’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. Equities research analysts forecast that Virtu Financial will post $1.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 6.49%. Virtu Financial’s payout ratio is presently 91.43%.
In related news, CEO Douglas A. Cifu acquired 60,000 shares of the stock in a transaction on Friday, August 5th. The stock was acquired at an average cost of $16.51 per share, for a total transaction of $990,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 60,000 shares of the company’s stock, valued at approximately $990,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 71.00% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. CAPROCK Group Inc. bought a new stake in shares of Virtu Financial during the second quarter valued at approximately $180,000. Schwab Charles Investment Management Inc. raised its stake in shares of Virtu Financial by 13.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 69,154 shares of the company’s stock valued at $1,245,000 after buying an additional 8,208 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Virtu Financial by 49.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 19,110 shares of the company’s stock valued at $344,000 after buying an additional 6,311 shares during the period. FDx Advisors Inc. raised its stake in shares of Virtu Financial by 14.1% in the second quarter. FDx Advisors Inc. now owns 10,363 shares of the company’s stock valued at $187,000 after buying an additional 1,278 shares during the period. Finally, Highbridge Capital Management LLC bought a new stake in shares of Virtu Financial during the second quarter valued at approximately $1,638,000. Institutional investors and hedge funds own 91.62% of the company’s stock.
Virtu Financial Company Profile
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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