Short Interest in Vinci Compass Investments Ltd. (NASDAQ:VINP) Drops By 41.0%

Key Points

• Short interest in Vinci Compass Investments Ltd. (NASDAQ: VINP) dropped by 41.0% from 180,600 to 106,600 shares as of July 31st.
• Goldman Sachs Group Inc. significantly increased its stake in VINP by 266.6%, owning 172,866 shares after purchasing an additional 125,711 shares.
• The company announced a quarterly dividend of $0.15 per share, which reflects a 5.9% yield and a payout ratio of 127.66%.

Vinci Compass Investments Ltd. (NASDAQ:VINP - Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 106,600 shares, adeclineof41.0% from the July 15th total of 180,600 shares. Based on an average trading volume of 51,400 shares, the short-interest ratio is currently 2.1 days. Approximately0.4% of the shares of the stock are short sold. Approximately0.4% of the shares of the stock are short sold. Based on an average trading volume of 51,400 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On Vinci Compass Investments

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its position in shares of Vinci Compass Investments by 259.4% during the fourth quarter. Northern Trust Corp now owns 78,269 shares of the company's stock worth $788,000 after purchasing an additional 56,489 shares in the last quarter. Castalian Partners LLC acquired a new stake in shares of Vinci Compass Investments in the fourth quarter valued at approximately $1,259,000. Driehaus Capital Management LLC increased its holdings in shares of Vinci Compass Investments by 71.1% in the fourth quarter. Driehaus Capital Management LLC now owns 263,726 shares of the company's stock valued at $2,656,000 after purchasing an additional 109,568 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Vinci Compass Investments by 176.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,426 shares of the company's stock valued at $125,000 after purchasing an additional 7,926 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Vinci Compass Investments in the first quarter valued at approximately $163,000. 34.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VINP. Wall Street Zen upgraded shares of Vinci Compass Investments from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on shares of Vinci Compass Investments from $13.50 to $14.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $13.50.

Vinci Compass Investments Price Performance

NASDAQ:VINP traded down $0.16 on Wednesday, reaching $9.80. The stock had a trading volume of 26,222 shares, compared to its average volume of 67,574. The company has a market capitalization of $627.65 million, a P/E ratio of 20.85 and a beta of 0.10. Vinci Compass Investments has a 1-year low of $8.66 and a 1-year high of $11.30. The company has a quick ratio of 7.84, a current ratio of 7.84 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $9.68 and a 200-day moving average price of $9.81.

Vinci Compass Investments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, August 25th will be given a $0.15 dividend. The ex-dividend date is Monday, August 25th. This represents a $0.60 dividend on an annualized basis and a yield of 6.1%. Vinci Compass Investments's payout ratio is 127.66%.

About Vinci Compass Investments

Vinci Partners Investments Ltd. operates as an asset management firm in Brazil. The company focuses on private markets, liquid strategies, investment products and solutions, and retirement services. It offers private equity, infrastructure, real estate, credit, special situations, equities, hedge funds, and investment products and solutions comprising portfolio and management services.