GAMMA Investing LLC Raises Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

GAMMA Investing LLC increased its position in Virtu Financial, Inc. (NASDAQ:VIRT) by 149.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,410 shares of the financial services provider’s stock after acquiring an additional 1,442 shares during the quarter. GAMMA Investing LLC’s holdings in Virtu Financial were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its stake in shares of Virtu Financial by 76.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 73,572 shares of the financial services provider’s stock worth $1,510,000 after purchasing an additional 31,884 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Virtu Financial in the 1st quarter valued at approximately $1,238,000. Diversify Advisory Services LLC bought a new stake in Virtu Financial during the 1st quarter valued at $957,000. Seven Eight Capital LP purchased a new stake in shares of Virtu Financial during the first quarter worth $1,368,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Virtu Financial by 591.6% in the first quarter. SG Americas Securities LLC now owns 50,199 shares of the financial services provider’s stock worth $1,030,000 after acquiring an additional 42,941 shares during the period. 45.78% of the stock is currently owned by institutional investors.

Virtu Financial Price Performance

Shares of NASDAQ:VIRT opened at $33.20 on Wednesday. Virtu Financial, Inc. has a one year low of $16.02 and a one year high of $33.33. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 0.53 and a beta of 0.38. The company’s fifty day moving average price is $30.87 and its 200-day moving average price is $25.91.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.23. Virtu Financial had a return on equity of 22.74% and a net margin of 7.59%. The business had revenue of $385.10 million for the quarter, compared to the consensus estimate of $331.92 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. On average, equities research analysts anticipate that Virtu Financial, Inc. will post 2.57 earnings per share for the current fiscal year.

Virtu Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Friday, August 30th. Virtu Financial’s payout ratio is currently 67.13%.

Insiders Place Their Bets

In other news, Director Virginia Gambale sold 5,400 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $27.30, for a total value of $147,420.00. Following the completion of the sale, the director now owns 24,122 shares of the company’s stock, valued at approximately $658,530.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VIRT. UBS Group boosted their price objective on Virtu Financial from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. StockNews.com raised shares of Virtu Financial from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Citigroup boosted their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their target price on shares of Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Finally, Piper Sandler raised their price target on shares of Virtu Financial from $31.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.79.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.