Vinci Partners Investments (NASDAQ:VINP) Shares Gap Up to $9.42

Vinci Partners Investments Ltd. (NASDAQ:VINP)’s share price gapped up before the market opened on Friday . The stock had previously closed at $9.42, but opened at $9.74. Vinci Partners Investments shares last traded at $9.82, with a volume of 16,790 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their target price on shares of Vinci Partners Investments from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th.

Vinci Partners Investments Price Performance

The company’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $10.80. The company has a current ratio of 10.68, a quick ratio of 10.68 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $530.27 million, a PE ratio of 12.00 and a beta of 0.09.

Vinci Partners Investments (NASDAQ:VINP) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). Vinci Partners Investments had a net margin of 36.07% and a return on equity of 13.37%. The business had revenue of $25.18 million during the quarter, compared to analysts’ expectations of $20.50 million. On average, equities analysts anticipate that Vinci Partners Investments Ltd. will post 0.65 earnings per share for the current year.

Vinci Partners Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date was Wednesday, August 21st. Vinci Partners Investments’s dividend payout ratio is currently 83.95%.

Institutional Investors Weigh In On Vinci Partners Investments

Hedge funds have recently modified their holdings of the stock. Absolute Gestao de Investimentos Ltda. acquired a new position in Vinci Partners Investments during the first quarter worth approximately $217,000. Quadrature Capital Ltd acquired a new stake in shares of Vinci Partners Investments during the 4th quarter worth $229,000. National Bank of Canada FI raised its position in shares of Vinci Partners Investments by 209.1% in the 2nd quarter. National Bank of Canada FI now owns 139,655 shares of the company’s stock worth $1,522,000 after buying an additional 94,467 shares during the period. Driehaus Capital Management LLC boosted its holdings in Vinci Partners Investments by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 154,158 shares of the company’s stock valued at $1,680,000 after acquiring an additional 9,803 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda grew its position in Vinci Partners Investments by 231.1% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 510,869 shares of the company’s stock valued at $5,594,000 after acquiring an additional 356,569 shares during the period. 34.07% of the stock is owned by institutional investors and hedge funds.

About Vinci Partners 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.