After Hours
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. Yahoo Finance discussed the stock recently as it posted Virtu Financial Announces Strategic Collaboration with ClearingBid to Expand ClearingBid’s Platform for Primary Share IPO Investing.
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Stocks Info
VIRT belongs to the Financial sector of the NASDAQ while operating in the Capital Markets industry. The current market capitalization of Virtu Financial Inc is $1.56B. A total of 1.01 million shares were traded on the day, compared to an average of 1.06M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. 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 12 BUYs and 2 SELLs from insiders. Insiders purchased 170,332 shares during that period but sold 51,763.
In the most recent transaction, Cifu Douglas A bought 50,000 shares of VIRT for 16.21 per share on Feb 07. After the transaction, the Chief Executive Officer now owns 584,132 company shares. In a previous transaction on Sep 13, Cifu Douglas A bought 50,000 shares at 17.06 per share. VIRT shares that Chief Executive Officer owns now total 442,755.
Among the insiders who bought shares, Molluso Joseph acquired of 15,000 shares on Sep 13 at a per-share price of $17.17. This resulted in the Co-President & Co-COO holding 358,160 shares of VIRT after the transaction. In another insider transaction, Cifu Douglas A bought 50,000 shares at $16.85 per share on May 04. Company shares held by the Chief Executive Officer now total 452,907.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Virtu Financial Inc pays an annual dividend of $0.96, resulting in a dividend yield of 5.49%, and it has a price to earnings (P/E) ratio of 12.44. VIRT’s most recent ex-dividend date was 2/29/2024 when it declared a $0.24 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The VIRT stock dividend was $0.24 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for VIRT in the last 3 months, the mean price target is $19.72 with high estimates of $24.00 and low estimates of $17.50. In terms of 52-week highs and lows, VIRT has a high of $21.03 and a low of $16.02.
As of this writing, VIRT has an earnings estimate of $0.47 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.65 per share and a lower estimate of $0.33. The company reported an EPS of $0.45 in the last quarter, which was 9.80% higher than expectations of $0.41.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $13.50, while its Total Shareholder’s Equity was $1.86B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.00.
