Jackson Creek Investment Advisors LLC Sells 9,787 Shares of Virtu Financial, Inc. $VIRT

Jackson Creek Investment Advisors LLC cut its holdings in Virtu Financial, Inc. (NYSE:VIRT) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,705 shares of the company’s stock after selling 9,787 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Virtu Financial were worth $1,723,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VIRT. Summit Global Investments bought a new position in Virtu Financial during the 3rd quarter valued at about $1,109,000. Y Intercept Hong Kong Ltd grew its holdings in Virtu Financial by 59.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 90,206 shares of the company’s stock valued at $3,202,000 after purchasing an additional 33,762 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in Virtu Financial by 114,887.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 26,447 shares of the company’s stock valued at $939,000 after purchasing an additional 26,424 shares during the last quarter. Clark Capital Management Group Inc. grew its holdings in Virtu Financial by 32.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 275,978 shares of the company’s stock valued at $9,797,000 after purchasing an additional 67,230 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its holdings in Virtu Financial by 240.5% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 63,836 shares of the company’s stock valued at $2,266,000 after purchasing an additional 45,087 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors.

Virtu Financial Price Performance

Shares of VIRT stock opened at $51.82 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market capitalization of $8.04 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.33 and a beta of 0.62. The company’s 50-day simple moving average is $48.32 and its two-hundred day simple moving average is $40.71. Virtu Financial, Inc. has a one year low of $31.55 and a one year high of $56.48.

Virtu Financial (NYSE:VIRT) last issued its earnings results on Wednesday, April 29th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.58. The business had revenue of $786.53 million for the quarter, compared to the consensus estimate of $613.12 million. Virtu Financial had a net margin of 14.17% and a return on equity of 51.63%. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 EPS. As a group, equities analysts anticipate that Virtu Financial, Inc. will post 5.53 EPS for the current year.

Virtu Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 1st. Virtu Financial’s dividend payout ratio is currently 15.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VIRT shares. The Goldman Sachs Group upped their price target on shares of Virtu Financial from $46.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley upped their price target on shares of Virtu Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a report on Friday, April 10th. Piper Sandler upped their price target on shares of Virtu Financial from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, March 20th. JPMorgan Chase & Co. upped their price target on shares of Virtu Financial from $44.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Virtu Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.67.

Insider Buying and Selling

In other Virtu Financial news, COO Brett Fairclough sold 30,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $50.06, for a total value of $1,501,800.00. Following the transaction, the chief operating officer directly owned 42,473 shares in the company, valued at $2,126,198.38. This represents a 41.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 46.76% of the stock is owned by corporate insiders.

About Virtu Financial

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.