GSA Capital Partners LLP Sells 32,981 Shares of Virtu Financial (VIRT)

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GSA Capital Partners LLP decreased its position in shares of Virtu Financial (NASDAQ:VIRT) by 65.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,109 shares of the financial services provider’s stock after selling 32,981 shares during the period. GSA Capital Partners LLP’s holdings in Virtu Financial were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Quantbot Technologies LP increased its position in Virtu Financial by 4,901.6% during the first quarter. Quantbot Technologies LP now owns 31,410 shares of the financial services provider’s stock valued at $1,036,000 after acquiring an additional 30,782 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Virtu Financial by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 558,629 shares of the financial services provider’s stock valued at $18,435,000 after acquiring an additional 4,926 shares during the last quarter. California Public Employees Retirement System bought a new position in Virtu Financial during the first quarter valued at $276,000. New York State Common Retirement Fund increased its position in Virtu Financial by 3.9% during the first quarter. New York State Common Retirement Fund now owns 245,623 shares of the financial services provider’s stock valued at $8,106,000 after acquiring an additional 9,247 shares during the last quarter. Finally, Lucia Wealth Services LLC bought a new position in Virtu Financial during the first quarter valued at $206,000. Institutional investors and hedge funds own 25.54% of the company’s stock.

NASDAQ VIRT opened at $29.75 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $5.59 billion, a PE ratio of 52.19, a P/E/G ratio of 2.72 and a beta of -0.67. Virtu Financial has a 12 month low of $13.10 and a 12 month high of $37.85.

Virtu Financial (NASDAQ:VIRT) last posted its quarterly earnings results on Friday, May 4th. The financial services provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.15. Virtu Financial had a net margin of 11.08% and a return on equity of 20.32%. The firm had revenue of $406.10 million for the quarter, compared to analysts’ expectations of $307.24 million. During the same period in the prior year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was up 190.9% on a year-over-year basis. equities research analysts anticipate that Virtu Financial will post 2.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.23%. The ex-dividend date was Thursday, May 31st. Virtu Financial’s payout ratio is 168.42%.

In other Virtu Financial news, insider Tjmt Holdings Llc sold 3,281,250 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $27.16, for a total transaction of $89,118,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Holdings (Private) Ltd Temasek sold 3,450,000 shares of the stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $27.16, for a total transaction of $93,702,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,112,452 shares of company stock worth $194,307,000. 73.50% of the stock is owned by company insiders.

VIRT has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Virtu Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, May 29th. Citigroup boosted their price objective on shares of Virtu Financial from $26.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Virtu Financial from $22.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, April 24th. BidaskClub upgraded shares of Virtu Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. Finally, Rosenblatt Securities upped their price target on shares of Virtu Financial from $26.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 7th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $35.33.

Virtu Financial Profile

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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