Vinci Compass Investments (NASDAQ:VINP) Sets New 12-Month High - Here's What Happened

Key Points

• Vinci Compass Investments shares reached a new 52-week high of $11.20 amid increased trading volume, previously closing at $10.82.
• Equities analysts have raised price targets for Vinci Compass Investments, with JPMorgan increasing theirs from $13.50 to $14.00, and UBS raising theirs from $12.00 to $13.00.
• The company declared a quarterly dividend of $0.15 per share, yielding 5.4%, despite having a high payout ratio of 127.66%.

Shares of Vinci Compass Investments Ltd. (NASDAQ:VINP - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $11.05 and last traded at $11.20, with a volume of 63898 shares. The stock had previously closed at $10.82.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings restated a "hold (c)" rating on shares of Vinci Compass Investments in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Vinci Compass Investments from $13.50 to $14.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group increased their price target on shares of Vinci Compass Investments from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $13.33.

Vinci Compass Investments Stock Up 3.1%

The firm's 50-day moving average is $10.19 and its two-hundred day moving average is $9.84. The stock has a market cap of $714.80 million, a P/E ratio of 23.74 and a beta of 0.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 7.84 and a current ratio of 7.84.

Vinci Compass Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, August 25th. Vinci Compass Investments's payout ratio is 127.66%.

Hedge Funds Weigh In On Vinci Compass Investments

Several hedge funds have recently added to or reduced their stakes in VINP. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Vinci Compass Investments in the 2nd quarter valued at approximately $31,000. Russell Investments Group Ltd. bought a new stake in shares of Vinci Compass Investments in the 2nd quarter valued at $123,000. Nuveen LLC acquired a new stake in Vinci Compass Investments during the 1st quarter worth $163,000. R Squared Ltd bought a new position in Vinci Compass Investments during the second quarter worth about $281,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Vinci Compass Investments by 266.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,866 shares of the company's stock valued at $1,749,000 after purchasing an additional 125,711 shares during the period. Institutional investors and hedge funds own 34.07% of the company's stock.

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.

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