WBI Investments Inc. bought a new stake in shares of Virtu Financial Inc (NASDAQ:VIRT) in the second quarter, Holdings Channel reports. The fund bought 35,974 shares of the financial services provider’s stock, valued at approximately $784,000.

Other hedge funds also recently bought and sold shares of the company. Kwmg LLC purchased a new position in Virtu Financial during the 1st quarter valued at about $43,000. Bremer Bank National Association purchased a new position in Virtu Financial during the 1st quarter valued at about $83,000. Bogart Wealth LLC grew its holdings in Virtu Financial by 42.9% during the 1st quarter. Bogart Wealth LLC now owns 4,948 shares of the financial services provider’s stock valued at $117,000 after buying an additional 1,485 shares in the last quarter. Legal & General Group Plc grew its holdings in Virtu Financial by 19.5% during the 4th quarter. Legal & General Group Plc now owns 6,703 shares of the financial services provider’s stock valued at $173,000 after buying an additional 1,096 shares in the last quarter. Finally, Machina Capital S.A.S. grew its holdings in Virtu Financial by 298.1% during the 2nd quarter. Machina Capital S.A.S. now owns 9,440 shares of the financial services provider’s stock valued at $206,000 after buying an additional 7,069 shares in the last quarter. 56.69% of the stock is owned by institutional investors and hedge funds.

VIRT has been the subject of a number of recent analyst reports. TheStreet lowered Viewray from a “c-” rating to a “d” rating in a report on Friday, May 3rd. UBS Group dropped their price target on Spotify from $182.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Saturday, July 13th. Rosenblatt Securities started coverage on Virtu Financial in a research report on Wednesday, June 26th. They set a “buy” rating and a $29.00 price target for the company. Finally, ValuEngine downgraded Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.86.

In other news, EVP Stephen Cavoli sold 7,500 shares of Virtu Financial stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $23.48, for a total transaction of $176,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 63.70% of the company’s stock.

Shares of VIRT traded down $0.05 during trading hours on Friday, reaching $21.43. 642,517 shares of the company’s stock traded hands, compared to its average volume of 756,607. The company has a market capitalization of $4.08 billion, a PE ratio of 10.93, a PEG ratio of 2.84 and a beta of -0.59. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50 day simple moving average is $21.73. Virtu Financial Inc has a 12 month low of $19.65 and a 12 month high of $29.17.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.06). The business had revenue of $363.00 million for the quarter, compared to the consensus estimate of $245.86 million. Virtu Financial had a net margin of 7.56% and a return on equity of 19.13%. The business’s revenue was down 55.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Analysts expect that Virtu Financial Inc will post 1.51 earnings per share for the current year.

Virtu Financial Profile

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

Recommended Story: Buy-Side Analysts

Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial Inc (NASDAQ:VIRT).

Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter.