JPMorgan Chase & Co. Reduces Position in Vinci Partners Investments Ltd. (NASDAQ:VINP)

JPMorgan Chase & Co. trimmed its holdings in shares of Vinci Partners Investments Ltd. (NASDAQ:VINP) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 206,857 shares of the company’s stock after selling 4,064 shares during the quarter. JPMorgan Chase & Co. owned 0.38% of Vinci Partners Investments worth $2,054,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Vinci Partners Investments in the third quarter worth about $45,000. Van ECK Associates Corp grew its stake in Vinci Partners Investments by 10.5% in the third quarter. Van ECK Associates Corp now owns 12,717 shares of the company’s stock worth $127,000 after purchasing an additional 1,208 shares in the last quarter. State Street Corp grew its stake in Vinci Partners Investments by 391.0% in the third quarter. State Street Corp now owns 105,534 shares of the company’s stock worth $1,048,000 after purchasing an additional 84,040 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Vinci Partners Investments by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 154,158 shares of the company’s stock worth $1,680,000 after purchasing an additional 9,803 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda grew its stake in Vinci Partners Investments by 3.4% in the third quarter. SPX Gestao de Recursos Ltda now owns 3,562,635 shares of the company’s stock worth $35,377,000 after purchasing an additional 115,545 shares in the last quarter. 34.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group reiterated a “buy” rating and issued a $13.00 price target on shares of Vinci Partners Investments in a research note on Thursday, December 5th.

Vinci Partners Investments Stock Performance

Shares of VINP stock opened at $9.91 on Wednesday. The company has a quick ratio of 12.68, a current ratio of 12.68 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $10.12 and a two-hundred day moving average of $10.36. Vinci Partners Investments Ltd. has a 52 week low of $9.01 and a 52 week high of $11.85. The company has a market cap of $532.96 million, a P/E ratio of 15.98 and a beta of 0.10.

Vinci Partners Investments (NASDAQ:VINP) last issued its earnings results on Thursday, November 7th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Vinci Partners Investments had a return on equity of 15.00% and a net margin of 37.79%. The company had revenue of $20.67 million during the quarter, compared to the consensus estimate of $19.84 million. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, analysts anticipate that Vinci Partners Investments Ltd. will post 0.6 EPS for the current year.

Vinci Partners Investments Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.64 dividend on an annualized basis and a yield of 6.46%. Vinci Partners Investments’s payout ratio is currently 103.23%.

Vinci Partners Investments 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.