Vinci Compass Investments (NASDAQ:VINP) Sets New 12-Month Low After Insider Selling

Key Points

• VINP fell to a new 52-week low of $8.90, closing around $9.01 after trading volume reached 228,537 shares.
• Insiders Fernando Lovisotto and Augusto Zaremba sold a combined 40,558 shares for approximately $463,000. The sales were executed under pre-arranged Rule 10b5-1 trading plans.
• Analysts have a mixed outlook, with a consensus “Hold” rating and a $14.00 target price. The company recently missed quarterly EPS and revenue estimates but offers a $0.17 quarterly dividend, representing an annualized yield of about 7.5%.

Vinci Compass Investments Ltd. (NASDAQ:VINP - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday following insider selling activity. The company traded as low as $8.90 and last traded at $9.01, with a volume of 228,537 shares trading hands. The stock had previously closed at $9.16.

Specifically, insider Fernando Lovisotto sold 13,452 shares of the company's stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $11.41, for a total value of $153,487.32. Following the completion of the sale, the insider directly owned 875,954 shares of the company's stock, valued at $9,994,635.14. This represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Augusto Zaremba sold 19,815 shares of the firm's stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $11.43, for a total value of $226,485.45. Following the sale, the insider directly owned 915,442 shares in the company, valued at $10,463,502.06. The trade was a 2.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, insider Augusto Zaremba sold 7,291 shares of the firm's stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $11.42, for a total transaction of $83,263.22. Following the sale, the insider owned 935,257 shares of the company's stock, valued at $10,680,634.94. This trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

VINP has been the subject of a number of research reports. Weiss Ratings upgraded Vinci Compass Investments from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday. Zacks Research downgraded Vinci Compass Investments from a "hold" rating to a "strong sell" rating in a report on Thursday, September 10th. Finally, JPMorgan Chase & Co. dropped their target price on Vinci Compass Investments from $15.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, September 10th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vinci Compass Investments has an average rating of "Hold" and a consensus target price of $14.00.

Vinci Compass Investments Stock Down 1.6%

The company has a market cap of $589.43 million, a price-to-earnings ratio of 12.87 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.58 and a quick ratio of 3.58. The firm has a 50-day moving average price of $9.95 and a 200 day moving average price of $10.61.

Vinci Compass Investments (NASDAQ:VINP - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $54.05 million during the quarter, compared to the consensus estimate of $56.12 million. Vinci Compass Investments had a net margin of 23.77% and a return on equity of 12.65%. Sell-side analysts predict that Vinci Compass Investments Ltd. will post 0.80 EPS for the current year.

Vinci Compass Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Tuesday, August 25th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $0.68 annualized dividend and a yield of 7.5%. Vinci Compass Investments's dividend payout ratio is currently 97.14%.

Institutional Investors Weigh In On Vinci Compass Investments

Large investors have recently bought and sold shares of the company. Pension & Wealth Management Advisors Inc. lifted its holdings in shares of Vinci Compass Investments by 6.3% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 42,565 shares of the company's stock worth $398,000 after acquiring an additional 2,541 shares during the period. Engineers Gate Manager LP increased its stake in shares of Vinci Compass Investments by 46.0% in the 2nd quarter. Engineers Gate Manager LP now owns 16,279 shares of the company's stock valued at $158,000 after purchasing an additional 5,129 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Vinci Compass Investments in the 2nd quarter valued at $54,000. Endure Capital Management LLC acquired a new position in shares of Vinci Compass Investments during the 1st quarter worth $3,531,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Vinci Compass Investments by 12.2% during the 1st quarter. Renaissance Technologies LLC now owns 84,900 shares of the company's stock worth $896,000 after buying an additional 9,264 shares in the last quarter. 34.07% of the stock is currently owned by institutional investors and hedge funds.

Vinci Compass Investments Company Profile

Vinci Compass Investments Ltd. is an alternative investment platform focused on Latin America. The company manages capital for institutional investors, family offices, high-net-worth individuals and other clients through a range of public- and private-market strategies.

Its investment activities include private equity, infrastructure, real estate, private credit, hedge funds, equities, fixed income and other customized investment solutions. Through its Vinci and Compass businesses, the company provides asset management and advisory services designed to give clients access to opportunities across Brazil and other Latin American markets.

Vinci Partners, the company's principal operating business, was founded in Brazil in 2009.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.