Virtu Financial, Inc. $VIRT Stake Lowered by Hahn Capital Management LLC

Key Points

• Hahn Capital Management LLC has reduced its stake in Virtu Financial by 9.7%, now holding 312,426 shares valued at approximately $11.9 million.
• Virtu Financial declared a quarterly dividend of $0.24 per share, with a dividend yield of 2.6%, to be paid on September 15th.
• Analyst ratings for Virtu Financial vary, with a consensus rating of "Hold" and an average price target of $39.75.

Hahn Capital Management LLC cut its position in shares of Virtu Financial, Inc. (NASDAQ:VIRT - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 312,426 shares of the financial services provider's stock after selling 33,561 shares during the period. Virtu Financial makes up about 5.8% of Hahn Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Hahn Capital Management LLC owned about 0.20% of Virtu Financial worth $11,910,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Militia Capital Partners LP boosted its position in shares of Virtu Financial by 357.1% during the 1st quarter. Militia Capital Partners LP now owns 6,400 shares of the financial services provider's stock valued at $244,000 after acquiring an additional 5,000 shares during the last quarter. Inspire Investing LLC bought a new position in Virtu Financial during the first quarter valued at $782,000. Strs Ohio bought a new position in Virtu Financial during the first quarter valued at $1,674,000. Advisors Capital Management LLC grew its stake in shares of Virtu Financial by 8.4% in the 1st quarter. Advisors Capital Management LLC now owns 176,300 shares of the financial services provider's stock worth $6,721,000 after buying an additional 13,699 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Virtu Financial by 132.8% in the 1st quarter. Acadian Asset Management LLC now owns 51,612 shares of the financial services provider's stock worth $1,966,000 after buying an additional 29,446 shares during the last quarter. Hedge funds and other institutional investors own 45.78% of the company's stock.

Virtu Financial Price Performance

VIRT opened at $37.05 on Friday. The business has a fifty day moving average of $42.45 and a 200 day moving average of $40.42. Virtu Financial, Inc. has a 52-week low of $29.82 and a 52-week high of $45.77. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market cap of $5.66 billion, a P/E ratio of 10.71, a PEG ratio of 1.14 and a beta of 0.69.

Virtu Financial Dividend Announcement

The business also recently declared 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 is Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. Virtu Financial's dividend payout ratio is presently 21.82%.

Insider Buying and Selling

In related news, COO Brett Fairclough sold 90,701 shares of Virtu Financial stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $42.40, for a total transaction of $3,845,722.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 46.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VIRT has been the subject of a number of analyst reports. Bank of America downgraded shares of Virtu Financial from a "buy" rating to a "neutral" rating and set a $43.00 price target for the company. in a report on Thursday, May 15th. Morgan Stanley upped their price objective on Virtu Financial from $31.00 to $35.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. UBS Group reiterated a "neutral" rating and issued a $45.00 target price (up previously from $40.00) on shares of Virtu Financial in a report on Monday, August 4th. Piper Sandler boosted their target price on Virtu Financial from $44.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen lowered Virtu Financial from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Virtu Financial currently has a consensus rating of "Hold" and an average price target of $39.75.

About Virtu Financial

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.

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