SeaCrest Wealth Management LLC Makes New $42,000 Investment in Virtu Financial, Inc. (NASDAQ:VIRT)

SeaCrest Wealth Management LLC purchased a new position in shares of Virtu Financial, Inc. (NASDAQ:VIRTGet Rating) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,800 shares of the financial services provider’s stock, valued at approximately $42,000.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI boosted its position in Virtu Financial by 11,933.5% during the 2nd quarter. National Bank of Canada FI now owns 50,300 shares of the financial services provider’s stock worth $1,178,000 after acquiring an additional 49,882 shares during the last quarter. Shay Capital LLC acquired a new position in Virtu Financial during the 1st quarter worth approximately $1,489,000. Boston Partners boosted its position in Virtu Financial by 4.5% during the 1st quarter. Boston Partners now owns 38,610 shares of the financial services provider’s stock worth $1,437,000 after acquiring an additional 1,645 shares during the last quarter. First Bank & Trust boosted its position in Virtu Financial by 15.2% during the 2nd quarter. First Bank & Trust now owns 19,628 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 2,586 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Virtu Financial by 220.9% during the 1st quarter. Raymond James & Associates now owns 126,503 shares of the financial services provider’s stock worth $4,708,000 after purchasing an additional 87,082 shares in the last quarter. Institutional investors and hedge funds own 50.91% of the company’s stock.

Virtu Financial Stock Up 2.4 %

VIRT opened at $22.39 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. The stock has a market cap of $3.78 billion, a PE ratio of 7.41 and a beta of 0.03. The stock’s fifty day simple moving average is $22.02 and its 200 day simple moving average is $23.28. Virtu Financial, Inc. has a 1-year low of $20.42 and a 1-year high of $38.63.

Virtu Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, November 30th. Virtu Financial’s payout ratio is 31.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VIRT. Piper Sandler dropped their price objective on Virtu Financial from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, September 30th. StockNews.com began coverage on Virtu Financial in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup began coverage on Virtu Financial in a research note on Tuesday, October 11th. They set a “buy” rating and a $26.00 price objective on the stock. Morgan Stanley upped their price objective on Virtu Financial from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, November 10th. Finally, UBS Group dropped their price target on Virtu Financial from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.50.

Insiders Place Their Bets

In other news, Director Joanne Minieri acquired 4,000 shares of the stock in a transaction on Monday, November 7th. The shares were purchased at an average price of $22.63 per share, for a total transaction of $90,520.00. Following the transaction, the director now directly owns 16,187 shares of the company’s stock, valued at $366,311.81. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 42.10% of the company’s stock.

About Virtu Financial

(Get Rating)

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.

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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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