Donoghue Forlines LLC Has $1.11 Million Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Donoghue Forlines LLC cut its position in Virtu Financial, Inc. (NASDAQ:VIRT – Get Rating) by 17.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,389 shares of the financial services provider’s stock after selling 7,860 shares during the quarter. Donoghue Forlines LLC’s holdings in Virtu Financial were worth $1,107,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC lifted its position in shares of Virtu Financial by 5.1% during the 4th quarter. Rafferty Asset Management LLC now owns 46,254 shares of the financial services provider’s stock valued at $1,334,000 after acquiring an additional 2,246 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Virtu Financial by 15.6% in the fourth quarter. Teacher Retirement System of Texas now owns 17,063 shares of the financial services provider’s stock valued at $492,000 after buying an additional 2,307 shares during the period. Human Investing LLC grew its stake in Virtu Financial by 1.1% during the fourth quarter. Human Investing LLC now owns 35,374 shares of the financial services provider’s stock worth $1,020,000 after purchasing an additional 380 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Virtu Financial in the fourth quarter worth approximately $37,552,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Virtu Financial by 17.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 24,213 shares of the financial services provider’s stock valued at $698,000 after purchasing an additional 3,522 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

In other news, EVP Stephen Cavoli sold 30,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $28.90, for a total transaction of $867,000.00. Following the completion of the sale, the executive vice president now owns 73,277 shares of the company’s stock, valued at $2,117,705.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brett Fairclough sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $29.25, for a total transaction of $1,462,500.00. Following the sale, the chief operating officer now directly owns 27,488 shares of the company’s stock, valued at approximately $804,024. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,000 shares of company stock valued at $2,905,500. Insiders own 49.50% of the company’s stock.

A number of research firms have issued reports on VIRT. Rosenblatt Securities raised their target price on Virtu Financial from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, April 14th. JPMorgan Chase & Co. dropped their price target on Virtu Financial from $40.00 to $37.50 in a research note on Friday, April 29th. Zacks Investment Research raised Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research note on Friday, February 11th. StockNews.com started coverage on Virtu Financial in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Citigroup boosted their price target on Virtu Financial from $36.00 to $37.50 in a research report on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $38.17.

NASDAQ VIRT traded down $0.61 on Wednesday, reaching $25.67. 22,401 shares of the company’s stock traded hands, compared to its average volume of 1,748,474. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 8.88 and a beta of -0.20. The stock has a 50 day moving average price of $33.63 and a 200-day moving average price of $31.38. Virtu Financial, Inc. has a fifty-two week low of $23.19 and a fifty-two week high of $38.63. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.51 and a current ratio of 0.51.

Virtu Financial (NASDAQ:VIRT – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The financial services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. The business had revenue of $522.31 million during the quarter, compared to the consensus estimate of $483.93 million. Virtu Financial had a net margin of 13.99% and a return on equity of 39.13%. The company’s revenue was down 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.04 earnings per share. As a group, equities research analysts anticipate that Virtu Financial, Inc. will post 3.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.74%. Virtu Financial’s dividend payout ratio (DPR) is currently 32.43%.

Virtu Financial Company Profile (Get Rating)

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.

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