Hahn Capital Management LLC Sells 4,932 Shares of Virtu Financial, Inc. $VIRT

Hahn Capital Management LLC lowered its stake in Virtu Financial, Inc. (NASDAQ:VIRT) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,494 shares of the financial services provider’s stock after selling 4,932 shares during the period. Virtu Financial comprises 6.5% of Hahn Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Hahn Capital Management LLC owned approximately 0.20% of Virtu Financial worth $13,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in shares of Virtu Financial during the 1st quarter worth about $54,000. Vontobel Holding Ltd. acquired a new stake in shares of Virtu Financial during the 1st quarter worth about $231,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Virtu Financial by 3,319.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,635 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 10,324 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Virtu Financial by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 401,117 shares of the financial services provider’s stock worth $15,291,000 after acquiring an additional 9,569 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Virtu Financial during the 2nd quarter worth about $417,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

Insider Buying and Selling at Virtu Financial

In other Virtu Financial news, COO Brett Fairclough sold 90,701 shares of Virtu Financial stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $42.40, for a total value of $3,845,722.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

VIRT has been the topic of several research analyst reports. UBS Group reissued a “neutral” rating and set a $45.00 target price (up previously from $40.00) on shares of Virtu Financial in a research report on Monday, August 4th. Piper Sandler raised their target price on Virtu Financial from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley lifted their price target on Virtu Financial from $31.00 to $35.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.29.

Virtu Financial Trading Up 0.4%

Shares of VIRT stock opened at $34.24 on Friday. The business’s 50 day moving average is $39.84 and its two-hundred day moving average is $40.36. Virtu Financial, Inc. has a twelve month low of $29.82 and a twelve month high of $45.77. The company has a market capitalization of $5.23 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, August 29th. Virtu Financial’s dividend payout ratio (DPR) is 21.82%.

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.