The Street Is Finally Waking Up To Virtu Financial Inc (NASDAQ: VIRT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Virtu Financial Announces Strategic Collaboration with ClearingBid to Expand ClearingBid’s Platform for Primary Share IPO Investing.

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Stocks Info

Virtu Financial Inc is listed on the NASDAQ as a member of the Financial sector and is a part of the Capital Markets industry. The current market capitalization of Virtu Financial Inc is $1.71B. A total of 0.97 million shares were traded on the day, compared to an average of 1.08M shares.

In the most recent transaction, Cifu Douglas A bought 50,000 shares of VIRT for 16.21 per share on Feb 07 ’24. After the transaction, the Chief Executive Officer now owns 584,132 company shares. In a previous transaction on Sep 13 ’23, 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 ’23 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 ’23. Company shares held by the Chief Executive Officer now total 452,907.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Virtu Financial Inc pays an annual dividend of $0.96, resulting in a dividend yield of 5.02%, and it has a price to earnings (P/E) ratio of 13.60. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $13.50, while its Total Shareholder’s Equity was $1.86B.

Analysts Opinion

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. 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.

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