Jackson Creek Investment Advisors LLC Has $2.13 Million Stock Holdings in Virtu Financial, Inc. (NASDAQ:VIRT)

Jackson Creek Investment Advisors LLC grew its holdings in shares of Virtu Financial, Inc. (NASDAQ:VIRT) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,946 shares of the financial services provider’s stock after acquiring an additional 934 shares during the quarter. Virtu Financial accounts for approximately 0.7% of Jackson Creek Investment Advisors LLC’s holdings, making the stock its 7th biggest holding. Jackson Creek Investment Advisors LLC’s holdings in Virtu Financial were worth $2,133,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new position in Virtu Financial in the 1st quarter worth about $32,000. Penserra Capital Management LLC bought a new position in Virtu Financial during the 1st quarter valued at about $54,000. SBI Securities Co. Ltd. lifted its stake in Virtu Financial by 26.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,670 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 345 shares during the period. Huntington National Bank lifted its stake in Virtu Financial by 528.9% during the 4th quarter. Huntington National Bank now owns 3,182 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 2,676 shares during the period. Finally, Wexford Capital LP bought a new position in Virtu Financial during the 4th quarter valued at about $203,000. 45.78% of the stock is owned by hedge funds and other institutional investors.

Virtu Financial Trading Down 0.5%

VIRT stock traded down $0.21 during midday trading on Friday, reaching $44.91. The company’s stock had a trading volume of 42,348 shares, compared to its average volume of 1,041,941. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a fifty day simple moving average of $42.40 and a two-hundred day simple moving average of $39.16. Virtu Financial, Inc. has a 1 year low of $24.26 and a 1 year high of $45.79. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.14 and a beta of 0.70.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $0.99 by $0.31. The firm had revenue of $497.14 million for the quarter, compared to analyst estimates of $444.23 million. Virtu Financial had a return on equity of 32.08% and a net margin of 10.43%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. On average, equities research analysts predict that Virtu Financial, Inc. will post 3.13 EPS for the current year.

Virtu Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.96 annualized dividend and a yield of 2.14%. Virtu Financial’s dividend payout ratio (DPR) is presently 27.75%.

Insider Activity

In other Virtu Financial news, Director John Nixon sold 6,965 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $42.82, for a total value of $298,241.30. Following the completion of the sale, the director owned 33,923 shares of the company’s stock, valued at approximately $1,452,582.86. This trade represents a 17.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas A. Cifu sold 178,320 shares of the firm’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $38.57, for a total value of $6,877,802.40. Following the completion of the sale, the chief executive officer directly owned 408,867 shares of the company’s stock, valued at approximately $15,770,000.19. This represents a 30.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 362,846 shares of company stock worth $14,079,615 in the last quarter. 46.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Bank of America lowered shares of Virtu Financial from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Thursday, May 15th. Morgan Stanley upped their price target on Virtu Financial from $31.00 to $35.00 and gave the stock an “underweight” rating in a research note on Tuesday. Piper Sandler restated an “overweight” rating and issued a $48.00 price target (up from $44.00) on shares of Virtu Financial in a research note on Tuesday. Evercore ISI upped their price target on Virtu Financial from $41.00 to $42.00 and gave the stock an “in-line” rating in a research note on Thursday, April 24th. Finally, Wall Street Zen downgraded Virtu Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.13.

Virtu Financial Company 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.