Vinci Partners Investments Ltd. (NASDAQ:VINP) to Issue Quarterly Dividend of $0.17

Vinci Partners Investments Ltd. (NASDAQ:VINP) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Stockholders of record on Wednesday, August 21st will be given a dividend of 0.17 per share on Thursday, September 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date is Wednesday, August 21st.

Vinci Partners Investments has a payout ratio of 74.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vinci Partners Investments to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 81.0%.

Vinci Partners Investments Stock Performance

VINP traded down $0.03 during trading on Friday, hitting $10.22. 25,922 shares of the company traded hands, compared to its average volume of 58,013. Vinci Partners Investments has a one year low of $9.35 and a one year high of $11.85. The stock’s fifty day moving average is $10.89 and its 200 day moving average is $10.89. The company has a quick ratio of 11.29, a current ratio of 11.29 and a debt-to-equity ratio of 0.44. The firm has a market cap of $549.63 million, a P/E ratio of 12.65 and a beta of 0.11.

Vinci Partners Investments (NASDAQ:VINP) last released its earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). Vinci Partners Investments had a net margin of 50.51% and a return on equity of 17.86%. The company had revenue of $25.18 million during the quarter, compared to analysts’ expectations of $20.50 million. As a group, equities analysts predict that Vinci Partners Investments will post 0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on Vinci Partners Investments from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, July 11th.

Vinci Partners Investments Company Profile

Vinci Partners Investments Ltd. operates as an asset management firm in Brazil. The company focuses on private markets, liquid strategies, investment products and solutions, and retirement services. It offers private equity, infrastructure, real estate, credit, special situations, equities, hedge funds, and investment products and solutions comprising portfolio and management services.