Zacks Research downgraded shares of Vinci Compass Investments (NASDAQ:VINP – Free Report) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks reports.
VINP has been the topic of several other research reports. JPMorgan Chase & Co. cut their price objective on shares of Vinci Compass Investments from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday. Weiss Ratings lowered shares of Vinci Compass Investments from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Vinci Compass Investments currently has an average rating of “Hold” and a consensus price target of $13.50.
Read Our Latest Report on VINP
Vinci Compass Investments Trading Down 1.2%
Vinci Compass Investments (NASDAQ:VINP – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). Vinci Compass Investments had a net margin of 23.77% and a return on equity of 12.65%. The company had revenue of $54.05 million during the quarter, compared to analyst estimates of $56.12 million. As a group, analysts predict that Vinci Compass Investments will post 0.79 earnings per share for the current fiscal year.
Vinci Compass Investments Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 25th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.2%. Vinci Compass Investments’s dividend payout ratio is currently 97.14%.
Insider Activity at Vinci Compass Investments
In related news, insider Augusto Zaremba sold 3,496 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $10.54, for a total value of $36,847.84. Following the completion of the sale, the insider directly owned 1,062,179 shares in the company, valued at approximately $11,195,366.66. The trade was a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Fernando Lovisotto sold 11,818 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $10.33, for a total value of $122,079.94. Following the sale, the insider directly owned 989,231 shares of the company’s stock, valued at $10,218,756.23. The trade was a 1.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 67,272 shares of company stock valued at $671,461. Corporate insiders own 49.31% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of VINP. Geode Capital Management LLC lifted its position in Vinci Compass Investments by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 30,116 shares of the company’s stock worth $393,000 after acquiring an additional 1,896 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Vinci Compass Investments by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 15,055 shares of the company’s stock worth $162,000 after purchasing an additional 2,138 shares during the last quarter. Mondrian Investment Partners LTD acquired a new position in shares of Vinci Compass Investments during the 4th quarter worth about $37,000. R Squared Ltd boosted its stake in Vinci Compass Investments by 6.4% during the 1st quarter. R Squared Ltd now owns 52,686 shares of the company’s stock valued at $556,000 after purchasing an additional 3,153 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Vinci Compass Investments by 4.9% during the 4th quarter. Renaissance Technologies LLC now owns 75,636 shares of the company’s stock valued at $986,000 after purchasing an additional 3,504 shares during the period. 34.07% of the stock is currently owned by institutional investors and hedge funds.
About Vinci Compass 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. In addition, the company financial and strategic advisory services, focusing on IPO advisory and mergers and acquisition transactions to entrepreneurs, corporate senior management teams, and boards of directors.
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