Vinci Partners Investments (NASDAQ:VINP) Shares Gap Down - Here's What Happened

Shares of Vinci Partners Investments Ltd. (NASDAQ:VINP - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $9.58, but opened at $9.23. Vinci Partners Investments shares last traded at $9.51, with a volume of 1,135 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Vinci Partners Investments from $15.00 to $13.50 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen upgraded Vinci Partners Investments from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Vinci Partners Investments Trading Down 0.4%

The stock's 50 day moving average is $9.69 and its 200-day moving average is $9.82. The company has a market cap of $602.07 million, a P/E ratio of 24.10 and a beta of 0.10. The company has a current ratio of 8.31, a quick ratio of 8.31 and a debt-to-equity ratio of 0.47.

Vinci Partners Investments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend was Tuesday, May 27th. Vinci Partners Investments's dividend payout ratio (DPR) is currently 153.85%.

Hedge Funds Weigh In On Vinci Partners Investments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in shares of Vinci Partners Investments by 176.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,426 shares of the company's stock worth $125,000 after purchasing an additional 7,926 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Vinci Partners Investments during the 4th quarter valued at about $104,000. Nuveen LLC purchased a new stake in shares of Vinci Partners Investments during the 1st quarter valued at about $163,000. Trexquant Investment LP bought a new stake in shares of Vinci Partners Investments in the fourth quarter worth approximately $233,000. Finally, Northern Trust Corp raised its holdings in shares of Vinci Partners Investments by 259.4% during the fourth quarter. Northern Trust Corp now owns 78,269 shares of the company's stock valued at $788,000 after purchasing an additional 56,489 shares during the last quarter. 34.07% of the stock is owned by institutional investors.

Vinci Partners Investments Company Profile

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.