Seizert Capital Partners LLC Has $4.14 Million Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Seizert Capital Partners LLC trimmed its holdings in Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 29.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,589 shares of the financial services provider's stock after selling 44,603 shares during the period. Seizert Capital Partners LLC owned 0.07% of Virtu Financial worth $4,139,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VIRT. Foundry Partners LLC boosted its position in shares of Virtu Financial by 1.5% in the first quarter. Foundry Partners LLC now owns 18,031 shares of the financial services provider's stock valued at $687,000 after acquiring an additional 275 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of Virtu Financial by 0.8% in the first quarter. Wedge Capital Management L L P NC now owns 33,397 shares of the financial services provider's stock valued at $1,273,000 after acquiring an additional 281 shares during the period. Mariner LLC boosted its position in shares of Virtu Financial by 4.2% in the fourth quarter. Mariner LLC now owns 8,074 shares of the financial services provider's stock valued at $288,000 after acquiring an additional 324 shares during the period. SBI Securities Co. Ltd. lifted its position in Virtu Financial by 26.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider's stock worth $64,000 after purchasing an additional 345 shares during the period. Finally, Optimist Retirement Group LLC lifted its position in Virtu Financial by 4.6% during the first quarter. Optimist Retirement Group LLC now owns 8,146 shares of the financial services provider's stock worth $311,000 after purchasing an additional 355 shares during the period. 45.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Virtu Financial

In other news, Director John Nixon sold 6,965 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $42.82, for a total value of $298,241.30. Following the completion of the transaction, the director owned 33,923 shares of the company's stock, valued at approximately $1,452,582.86. This represents a 17.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 47.20% of the company's stock.

Virtu Financial Price Performance

Shares of VIRT stock traded down $0.84 on Friday, reaching $43.30. The company had a trading volume of 847,355 shares, compared to its average volume of 957,268. The stock has a market capitalization of $6.68 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. Virtu Financial, Inc. has a one year low of $26.50 and a one year high of $45.77. The business's 50-day moving average is $42.77 and its 200 day moving average is $39.71.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. Virtu Financial's dividend payout ratio is 21.82%.

Analysts Set New Price Targets

VIRT has been the subject of several recent analyst reports. UBS Group reaffirmed a "neutral" rating and set a $40.00 price objective (up previously from $38.00) on shares of Virtu Financial in a research report on Thursday, April 24th. Bank of America cut shares of Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price objective for the company. in a research report on Thursday, May 15th. Morgan Stanley upped their price objective on shares of Virtu Financial from $31.00 to $35.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Wall Street Zen cut shares of Virtu Financial from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Virtu Financial from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $39.13.

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.