After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Virtu Financial to Host Conference Call Announcing Fourth Quarter 2023 Results on Thursday, January 25, 2024.
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Stocks Info
Virtu Financial Inc is listed on the NASDAQ in the Financial sector while operating in the Capital Markets industry. At the end of the last regular session, the stock closed at $18.75 and fluctuated between $18.86 as its day high and $18.59 as its day low. The current market capitalization of Virtu Financial Inc is $1.70B. A total of 0.87 million shares were traded on the day, compared to an average of 853.47K shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, VIRT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 30 BUYs and 20 SELLs from insiders. Insiders purchased 566,293 shares during that period but sold 231,434.
In the most recent transaction, Cifu Douglas A bought 50,000 shares of VIRT for 17.06 per share on Sep 13. After the transaction, the Chief Executive Officer now owns 442,755 company shares. In a previous transaction on Sep 13, Molluso Joseph bought 15,000 shares at 17.17 per share. VIRT shares that Co-President & Co-COO owns now total 358,160.
Among the insiders who bought shares, Cifu Douglas A acquired of 50,000 shares on May 04 at a per-share price of $16.85. This resulted in the Chief Executive Officer holding 452,907 shares of VIRT after the transaction. In another insider transaction, Fairclough Brett sold 50,000 shares at $19.39 per share on May 01. Company shares held by the Co-President & Co-COO now total 37,005.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Virtu Financial Inc pays an annual dividend of $0.96, resulting in a dividend yield of 5.12%, and it has a price to earnings (P/E) ratio of 11.55. VIRT’s most recent ex-dividend date was 11/30/2023 when it declared a $0.24 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/31/2023. The VIRT stock dividend was $0.24 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for VIRT in the last 3 months, the mean price target is $21.11 with high estimates of $24.00 and low estimates of $19.00. In terms of 52-week highs and lows, VIRT has a high of $21.03 and a low of $16.26.
As of this writing, VIRT has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.34.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. VIRT’s latest balance sheet shows that the firm has $1.07B in Cash & Short Term Investments as of fiscal 2021. There were $3.60B in debt and $1.92B in liabilities at the time. Its Book Value Per Share was $13.84, while its Total Shareholder’s Equity was $1.86B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VIRT is Buy with a score of 3.75.
