Hahn Capital Management LLC Lowers Stock Position in Virtu Financial, Inc. (NASDAQ:VIRT)

Hahn Capital Management LLC cut its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 28.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,512 shares of the financial services provider’s stock after selling 80,961 shares during the period. Virtu Financial accounts for about 4.0% of Hahn Capital Management LLC’s holdings, making the stock its 12th biggest position. Hahn Capital Management LLC’s holdings in Virtu Financial were worth $6,229,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Legacy Capital Group California Inc. lifted its holdings in shares of Virtu Financial by 8.0% during the third quarter. Legacy Capital Group California Inc. now owns 12,044 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 888 shares during the period. Eagle Ridge Investment Management acquired a new stake in shares of Virtu Financial during the third quarter worth $230,000. Impact Partnership Wealth LLC lifted its holdings in shares of Virtu Financial by 37.3% during the third quarter. Impact Partnership Wealth LLC now owns 15,770 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 4,286 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Virtu Financial by 3,011.0% during the third quarter. International Assets Investment Management LLC now owns 53,914 shares of the financial services provider’s stock worth $1,770,000 after purchasing an additional 52,181 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Virtu Financial during the third quarter worth $891,000. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Virginia Gambale sold 5,400 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $27.30, for a total value of $147,420.00. Following the completion of the transaction, the director now owns 24,122 shares in the company, valued at $658,530.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VIRT. UBS Group increased their price target on Virtu Financial from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. The Goldman Sachs Group increased their price target on Virtu Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Bank of America reduced their target price on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Citigroup raised their target price on Virtu Financial from $32.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley raised their target price on Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $29.50.

Virtu Financial Price Performance

Virtu Financial stock opened at $30.86 on Friday. Virtu Financial, Inc. has a one year low of $16.02 and a one year high of $33.55. The company has a market cap of $4.85 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38. The business has a fifty day moving average of $31.38 and a two-hundred day moving average of $26.41. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.43 and a current ratio of 0.43.

Virtu Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, November 29th. Virtu Financial’s dividend payout ratio is currently 67.13%.

Virtu Financial Profile

Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.