Virtu Financial, Inc. (NASDAQ:VIRT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, May 17th.

According to Zacks, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York. “

Virtu Financial (NASDAQ:VIRT) traded down 2.01% during mid-day trading on Wednesday, hitting $17.10. 759,348 shares of the stock traded hands. The stock has a market capitalization of $695.41 million, a PE ratio of 25.52 and a beta of 0.43. Virtu Financial has a one year low of $12.35 and a one year high of $19.07. The company has a 50 day moving average price of $16.14 and a 200-day moving average price of $16.47.

Virtu Financial (NASDAQ:VIRT) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. The business had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $82.20 million. Virtu Financial had a net margin of 4.41% and a return on equity of 20.72%. The firm’s quarterly revenue was down 32.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Equities analysts anticipate that Virtu Financial will post $0.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date was Tuesday, May 30th. Virtu Financial’s dividend payout ratio is 133.33%.

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In related news, insider Tjmt Holdings Llc acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, April 11th. The stock was acquired at an average cost of $15.62 per share, for a total transaction of $1,562,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have purchased 395,670 shares of company stock valued at $6,195,021. 69.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in VIRT. Janney Montgomery Scott LLC bought a new position in Virtu Financial during the first quarter worth about $2,126,000. GSA Capital Partners LLP boosted its position in Virtu Financial by 36.2% in the fourth quarter. GSA Capital Partners LLP now owns 150,645 shares of the financial services provider’s stock worth $2,403,000 after buying an additional 40,077 shares in the last quarter. State Street Corp boosted its position in Virtu Financial by 6.4% in the fourth quarter. State Street Corp now owns 457,090 shares of the financial services provider’s stock worth $7,292,000 after buying an additional 27,304 shares in the last quarter. FMR LLC boosted its position in Virtu Financial by 48.5% in the fourth quarter. FMR LLC now owns 1,875,035 shares of the financial services provider’s stock worth $29,906,000 after buying an additional 612,189 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in Virtu Financial during the fourth quarter worth about $307,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

About Virtu Financial

Virtu Financial, Inc is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions.

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