Renaissance Technologies LLC Reduces Stock Position in Vinci Partners Investments Ltd. (NASDAQ:VINP)

Renaissance Technologies LLC cut its stake in Vinci Partners Investments Ltd. (NASDAQ:VINP) by 31.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,832 shares of the company’s stock after selling 36,233 shares during the period. Renaissance Technologies LLC owned approximately 0.14% of Vinci Partners Investments worth $848,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Vinci Partners Investments in the first quarter valued at approximately $217,000. Quadrature Capital Ltd acquired a new position in shares of Vinci Partners Investments in the 4th quarter valued at $229,000. National Bank of Canada FI boosted its holdings in shares of Vinci Partners Investments by 209.1% in the 2nd quarter. National Bank of Canada FI now owns 139,655 shares of the company’s stock valued at $1,522,000 after purchasing an additional 94,467 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC boosted its holdings in shares of Vinci Partners Investments by 0.6% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 864,851 shares of the company’s stock valued at $9,773,000 after purchasing an additional 4,968 shares during the last quarter. 34.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on shares of Vinci Partners Investments from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th.

Vinci Partners Investments Stock Performance

Shares of VINP stock opened at $9.97 on Tuesday. The company’s fifty day simple moving average is $10.40 and its 200-day simple moving average is $10.72. Vinci Partners Investments Ltd. has a 52 week low of $9.01 and a 52 week high of $11.85. The company has a current ratio of 10.68, a quick ratio of 10.68 and a debt-to-equity ratio of 0.52. The company has a market cap of $536.18 million, a PE ratio of 12.15 and a beta of 0.09.

Vinci Partners Investments (NASDAQ:VINP) last issued its earnings results on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). Vinci Partners Investments had a net margin of 36.07% and a return on equity of 13.37%. The business had revenue of $25.18 million during the quarter, compared to analysts’ expectations of $20.50 million. As a group, equities research analysts anticipate that Vinci Partners Investments Ltd. will post 0.65 EPS for the current year.

Vinci Partners Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend was Wednesday, August 21st. Vinci Partners Investments’s dividend payout ratio (DPR) is 83.95%.

About Vinci Partners 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.