Victory Capital Holdings, Inc. (NASDAQ:VCTR) Short Interest Up 48.6% in July

Key Points

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Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 3,240,000 shares, agrowthof48.6% from the July 15th total of 2,180,000 shares. Based on an average trading volume of 561,000 shares, the days-to-cover ratio is presently 5.8 days. Approximately5.3% of the company's shares are short sold. Approximately5.3% of the company's shares are short sold. Based on an average trading volume of 561,000 shares, the days-to-cover ratio is presently 5.8 days.

Victory Capital Stock Up 2.9%

Shares of NASDAQ:VCTR traded up $2.00 during mid-day trading on Friday, reaching $71.78. 882,827 shares of the stock were exchanged, compared to its average volume of 619,736. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.79 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.74 and a beta of 1.04. Victory Capital has a one year low of $47.00 and a one year high of $73.42. The stock's 50 day simple moving average is $67.16 and its 200-day simple moving average is $62.97.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. The firm had revenue of $351.21 million during the quarter, compared to the consensus estimate of $348.89 million. Victory Capital had a return on equity of 26.46% and a net margin of 27.18%.The business's revenue was up 59.9% compared to the same quarter last year. During the same period last year, the company earned $1.31 earnings per share. As a group, equities research analysts predict that Victory Capital will post 6.16 EPS for the current year.

Victory Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, September 10th. Victory Capital's dividend payout ratio (DPR) is currently 48.40%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its stake in Victory Capital by 2,131.6% in the second quarter. Nisa Investment Advisors LLC now owns 424 shares of the company's stock valued at $27,000 after purchasing an additional 405 shares in the last quarter. Maseco LLP bought a new position in Victory Capital in the second quarter valued at approximately $30,000. Versant Capital Management Inc bought a new position in Victory Capital in the first quarter valued at approximately $34,000. Opal Wealth Advisors LLC bought a new position in Victory Capital in the first quarter valued at approximately $37,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Victory Capital in the first quarter valued at approximately $41,000. 87.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VCTR. B. Riley increased their price target on Victory Capital from $74.00 to $82.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen downgraded Victory Capital from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley increased their price target on Victory Capital from $66.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Barclays increased their price target on Victory Capital from $62.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, UBS Group decreased their price objective on Victory Capital from $71.00 to $68.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Victory Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.22.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.