Virtu Financial Inc. (VIRT): Find Out What Insiders Are Doing

Virtu Financial Inc. (NASDAQ:VIRT) finished Friday with an addition of $0.36 to close at $26.46, an upside of 1.38 percent. An average of 762,380 shares of common stock have been traded in the last five days. There was a gain of $1.24 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 822,530 shares traded, while the 50-day average volume stands at 1,106,742.

VIRT stock has increased by 10.99% in the last month. The company shares reached their 1-month lowest point of $23.81 on 09/23/21. With the stock rallying to its 52-week high on 04/06/21, shares of the company touched a low of $21.03 and a high of $32.35 in 52 weeks. It has reached a new high 14 times so far this year and achieved 5.13% or $1.29 in price. In spite of this, the price is down -18.21% from the 52-week high.


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Insider Transactions

72 days have passed since Virtu Financial Inc. (VIRT) last reported insider trading activity. North Island Ventures, LLC, who is 10% Owner, most recently acquired $1,500,000 shares at $26.15 per share on Aug 12. In this transaction, the insider spent $39,225,000. Co-President & Co-COO, Fairclough Brett, disposed of 125,000 shares at a price of $28.85 on May 13. The insider now owns more than $3,605,970 worth of shares.

Valuation Metrics

Virtu Financial Inc. (VIRT) has a trailing price-to-earnings (P/E) ratio of 6.31, which compares with the 25.70 for the broader industry and 13.15 for the sector. In the last five years, Virtu Financial Inc.’s PE ratio has ranged between 153.18 and 4.648. The stock’s beta is -0.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.71, the price-to-book (PB) ratio at 2.01, and the price-to-cash flow ratio at 6.40.

Virtu Financial Inc. pays a $0.96 dividend per share annually. It offers a dividend yield of 3.63%. The company has a payout ratio of 22.70%. The company’s most recent quarterly dividend payment took place on Sep. 15, and it was $0.24 a share, without any change from last year. Its dividend has been increased for the last 1 year

Further, the company has a long term debt to equity ratio of 1.74 and a total debt to equity ratio of 2.19 for the quarter ending June 29. Its gross profit as reported stood at $1.38 billion compared to revenue of $3.24 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Virtu Financial Inc.’s return on assets was 5.10%. For the broader industry, ROE averaged 13.50 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Virtu Financial Inc. had $1.6 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $62.91 million in the quarter, while revenues of $239.41 million were shrunk -216.55%. The analyst consensus anticipated Virtu Financial Inc.’s latest quarter earnings to come in at $0.76 per share, but it turned out to be $0.63, a -17.10% surprise. For the quarter, EBITDA amounted to $196.71 million. At the end of the quarter ending June 29, Virtu Financial Inc.’s stock balance sheet showed total debt was $3.76 billion. Shareholders own equity worth $187.27 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Virtu Financial Inc. (VIRT) price momentum. RSI 9-day as of the close on 22 October was 68.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.25%.

As of today, VIRT’s price is $26.18 +4.92% or $1.24 from its 5-day moving average. VIRT is currently trading +10.11% higher than its 20-day SMA and -14.34% lower than its 100-day SMA. However, the stock’s current price level is +1.46% above the SMA50 and +3.36% above the SMA200.

The stochastic %K and %D were 84.63% and 86.10%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 90.71% and the average true range at 0.57, the RSI (14) stands at 65.09%. The stock has reached 0.48 on the 9-day MACD Oscillator while the 14-day reading was at 0.59.

Analyst Ratings

Morgan Stanley downgraded Virtu Financial Inc. (NASDAQ: VIRT) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight.

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