Bridgefront Capital LLC Takes $789,000 Position in Virtu Financial, Inc. $VIRT

Bridgefront Capital LLC purchased a new position in shares of Virtu Financial, Inc. (NYSE:VIRT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,215 shares of the company’s stock, valued at approximately $789,000.

Several other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC grew its holdings in shares of Virtu Financial by 3,460.0% during the third quarter. Rothschild Investment LLC now owns 712 shares of the company’s stock worth $25,000 after buying an additional 692 shares in the last quarter. Assetmark Inc. boosted its position in Virtu Financial by 258.3% during the third quarter. Assetmark Inc. now owns 713 shares of the company’s stock worth $25,000 after acquiring an additional 514 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Virtu Financial by 103.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 760 shares of the company’s stock worth $34,000 after acquiring an additional 387 shares during the period. Neo Ivy Capital Management grew its stake in Virtu Financial by 93.7% in the 3rd quarter. Neo Ivy Capital Management now owns 978 shares of the company’s stock worth $35,000 after acquiring an additional 473 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Virtu Financial by 1,624.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,000 shares of the company’s stock valued at $38,000 after acquiring an additional 942 shares during the last quarter. 45.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Virtu Financial

In other news, EVP Stephen Cavoli sold 30,000 shares of Virtu Financial stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $37.61, for a total value of $1,128,300.00. Following the transaction, the executive vice president directly owned 174,561 shares of the company’s stock, valued at $6,565,239.21. The trade was a 14.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Joseph Molluso sold 200,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.88, for a total value of $7,776,000.00. Following the sale, the chief operating officer owned 326,585 shares of the company’s stock, valued at $12,697,624.80. The trade was a 37.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 270,000 shares of company stock worth $10,458,644. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

VIRT has been the topic of a number of recent analyst reports. Zacks Research lowered Virtu Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Piper Sandler upped their target price on Virtu Financial from $51.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group increased their target price on Virtu Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Weiss Ratings raised Virtu Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley lifted their price target on Virtu Financial from $35.00 to $36.00 and gave the company an “underweight” rating in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.00.

Virtu Financial Stock Down 1.4%

Shares of VIRT opened at $39.11 on Monday. Virtu Financial, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $45.77. The company’s fifty day moving average is $38.32 and its two-hundred day moving average is $36.20. The firm has a market cap of $6.05 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.03.

Virtu Financial (NYSE:VIRT) last released its quarterly earnings data on Thursday, January 29th. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.73. The business had revenue of $969.89 million during the quarter, compared to the consensus estimate of $513.51 million. Virtu Financial had a return on equity of 48.35% and a net margin of 12.90%.The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 EPS.

Virtu Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, February 27th. Virtu Financial’s dividend payout ratio (DPR) is 18.71%.

About Virtu Financial

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.