William Blair Investment Manageme has recently announced that it has increased stake in Virtu Financial Inc (NASDAQ:VIRT) by 7.57%. After grabbing 8.37 million shares, the institutional investor is now in possession of 0.59 million shares of the Financial Company. The new investment brought the stake of investor firm to 9.25% having worth around $169.59 million. Moreover, Millennium Management LLC increased its share by 1.84 million to have a control over 3.01 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.18 million shares by acquiring 2.06 million shares or 2.28% of the stake.
Virtu Financial Inc (VIRT) concluded trading on Thursday at a closing price of $17.46, with 3.19 million shares of worth about $55.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.58% during that period and on Thursday, January 25 the price saw a loss of about -9.06%. Currently the company’s common shares owned by public are about 98.55M shares, out of which, 85.29M shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 42 times over the past 12 months. They bought 451,006 shares in 26 of the transactions. In 16 selling transactions, insiders dumped 185,117 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and Vanguard Small Cap Value Index Fu are the top 3 mutual funds which are holding stakes in Virtu Financial Inc Vanguard Total Stock Market ETF is currently holding 2.82 million shares of worth totaling $57.2 million. The company recently came buying 4009.0 shares which brought its stake up to 3.12% of the company’s outstanding shares. Vanguard Small Cap Index Fund sold -0.12 million shares, after which its hold over company’s outstanding shares shrunk to 2.42%, leaving 2.19 million shares with the mutual fund that have a worth of about $44.33 million. Vanguard Small Cap Value Index Fu, after selling 1.51 million shares, have now control over 1.66% of the stake in the company. It holds -0.1 million shares of worth $30.51 million.
Stock saw a price change of -6.88% in past 5 days and over the past one month there was a price change of -14.83%. Year-to-date (YTD), VIRT shares are showing a performance of -13.82% which decreased to -13.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.26 but also hit the highest price of $21.03 during that period. The average intraday trading volume for Virtu Financial Inc shares is 872.27K. The stock is currently trading -11.45% below its 20-day simple moving average (SMA20), while that difference is down -8.63% for SMA50 and it goes to -5.17% lower than SMA200.
William Blair Investment Manageme acquired 8.37 million shares of Virtu Financial Inc having value of about $169.59 million. Data submitted at the U.S SEC by William Blair Investment Manageme revealed that the firm now holds 0.59 million shares in the company valued at close to $10279557.54, or have control over 7.57% stake in the company. Virtu Financial Inc (NASDAQ: VIRT) currently have 98.55M outstanding shares and institutions hold larger chunk of about 83.00% of that. Holding of mutual funds in the company is about 37.78% while other institutional holders and individual stake holders have control over 45.74% and 112.89% of the stake respectively.
The stock has a current market capitalization of $1.58B and its 3Y-monthly beta is at 0.37. PE ratio of stock for trailing 12 months is 12.31, while it has posted earnings per share of $1.42 in the same period. It has a debt-to-equity ratio of 2.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VIRT, volatility over the week remained 3.14% while standing at 2.46% over the month.
Analysts are in expectations that Virtu Financial Inc (VIRT) stock would likely to be making an EPS of $Vaxart, Inc. – Common Stock in the current quarter, while forecast for next quarter EPS is $0.82 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Virtu Financial, Inc. which is $Vista Energy S.A.B. de C.V. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Vir Biotechnology, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 22.33% while it is estimated to increase by 13.97% in next year. EPS is likely to grow at an annualized rate of -2.30% for next 5-years, compared to annual growth of -11.51% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 28, 2023 offering a Buy rating for the stock and assigned a target price of $20 to it.
