Proficio Capital Partners LLC Invests $1.03 Million in Virtu Financial, Inc. (NASDAQ:VIRT)

Proficio Capital Partners LLC purchased a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,936 shares of the financial services provider’s stock, valued at approximately $1,032,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Investments Inc boosted its holdings in Virtu Financial by 7.2% in the third quarter. Atria Investments Inc now owns 10,724 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 717 shares during the last quarter. KBC Group NV boosted its holdings in Virtu Financial by 42.9% in the third quarter. KBC Group NV now owns 2,864 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 860 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Virtu Financial in the third quarter valued at approximately $242,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Virtu Financial by 400.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,546 shares of the financial services provider’s stock valued at $10,008,000 after acquiring an additional 262,835 shares during the last quarter. Finally, Foundry Partners LLC boosted its holdings in Virtu Financial by 54.8% in the third quarter. Foundry Partners LLC now owns 22,499 shares of the financial services provider’s stock valued at $685,000 after acquiring an additional 7,963 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on VIRT shares. Piper Sandler boosted their price target on Virtu Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Morgan Stanley boosted their price target on Virtu Financial from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.36.

Insider Transactions at Virtu Financial

In related news, EVP Stephen Cavoli sold 34,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $37.41, for a total value of $1,271,940.00. Following the completion of the sale, the executive vice president now directly owns 157,703 shares of the company’s stock, valued at approximately $5,899,669.23. This represents a 17.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Brett Fairclough sold 72,967 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $36.84, for a total value of $2,688,104.28. Following the completion of the sale, the chief operating officer now directly owns 90,749 shares of the company’s stock, valued at $3,343,193.16. The trade was a 44.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,967 shares of company stock valued at $5,213,964 over the last ninety days. 46.70% of the stock is owned by company insiders.

Virtu Financial Price Performance

Shares of NASDAQ:VIRT opened at $37.58 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 1.17. Virtu Financial, Inc. has a twelve month low of $19.97 and a twelve month high of $41.38. The stock’s 50 day moving average is $37.18 and its 200-day moving average is $35.07. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.43 and a beta of 0.58.

Virtu Financial (NASDAQ:VIRT) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.32. Virtu Financial had a return on equity of 27.39% and a net margin of 9.61%. Sell-side analysts forecast that Virtu Financial, Inc. will post 3.13 EPS for the current fiscal year.

Virtu Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, February 28th. Virtu Financial’s payout ratio is 32.32%.

Virtu Financial Company Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.