Vinci Compass Investments Ltd. (NASDAQ:VINP – Get Free Report)’s share price gapped down prior to trading on Monday after an insider sold shares in the company. The stock had previously closed at $11.49, but opened at $9.21. Vinci Compass Investments shares last traded at $9.6060, with a volume of 35,919 shares changing hands.
Specifically, insider Augusto Zaremba sold 7,291 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $11.42, for a total transaction of $83,263.22. Following the completion of the sale, the insider directly owned 935,257 shares of the company’s stock, valued at approximately $10,680,634.94. This trade represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Augusto Zaremba sold 3,843 shares of the business’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $11.29, for a total transaction of $43,387.47. Following the sale, the insider directly owned 942,548 shares of the company’s stock, valued at $10,641,366.92. This represents a 0.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Vinci Compass Investments news, insider Augusto Zaremba sold 15,668 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $11.20, for a total value of $175,481.60. Following the completion of the sale, the insider directly owned 946,391 shares of the company’s stock, valued at $10,599,579.20. The trade was a 1.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Wall Street Analyst Weigh In
VINP has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on Vinci Compass Investments from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, September 10th. Weiss Ratings upgraded Vinci Compass Investments from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, Zacks Research downgraded Vinci Compass Investments from a “hold” rating to a “strong sell” rating in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.00.
Check Out Our Latest Analysis on VINP
Vinci Compass Investments Stock Performance
The firm has a fifty day moving average price of $9.96 and a 200 day moving average price of $10.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.58 and a current ratio of 3.58. The stock has a market cap of $616.58 million, a PE ratio of 13.51 and a beta of 0.26.
Vinci Compass Investments (NASDAQ:VINP – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $54.05 million for the quarter, compared to analyst estimates of $56.12 million. Vinci Compass Investments had a net margin of 23.77% and a return on equity of 12.65%. Research analysts forecast that Vinci Compass Investments Ltd. will post 0.80 earnings per share for the current fiscal year.
Vinci Compass Investments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Tuesday, August 25th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Tuesday, August 25th. Vinci Compass Investments’s dividend payout ratio is presently 97.14%.
Hedge Funds Weigh In On Vinci Compass Investments
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SPX Gestao de Recursos Ltda grew its stake in Vinci Compass Investments by 16.8% during the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,672,173 shares of the company’s stock valued at $49,291,000 after purchasing an additional 671,448 shares during the last quarter. Endure Capital Management LLC acquired a new position in shares of Vinci Compass Investments in the first quarter valued at about $3,531,000. Rockefeller Capital Management L.P. purchased a new position in shares of Vinci Compass Investments in the fourth quarter worth about $1,324,000. Renaissance Technologies LLC raised its stake in shares of Vinci Compass Investments by 12.2% in the first quarter. Renaissance Technologies LLC now owns 84,900 shares of the company’s stock worth $896,000 after purchasing an additional 9,264 shares during the last quarter. Finally, Deltec Asset Management LLC lifted its holdings in shares of Vinci Compass Investments by 136.1% during the first quarter. Deltec Asset Management LLC now owns 59,934 shares of the company’s stock worth $632,000 after purchasing an additional 34,553 shares during the period. Hedge funds and other institutional investors own 34.07% of the company’s stock.
Vinci Compass Investments Company Profile
Vinci Compass Investments Ltd. is an alternative investment platform focused on Latin America. The company manages capital for institutional investors, family offices, high-net-worth individuals and other clients through a range of public- and private-market strategies.
Its investment activities include private equity, infrastructure, real estate, private credit, hedge funds, equities, fixed income and other customized investment solutions. Through its Vinci and Compass businesses, the company provides asset management and advisory services designed to give clients access to opportunities across Brazil and other Latin American markets.
Vinci Partners, the company’s principal operating business, was founded in Brazil in 2009.
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