Even After The Recent Surge, This High-Frequency Trader Still Shows Value [Seeking Alpha]
Virtu Financial, Inc. - Class A (VIRT)
Last virtu financial, inc. - class a earnings: 2/11 06:00 am
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US:NASDAQ Investor Relations:
ir.virtu.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
SummaryVirtu Financial has rallied immensely since the coronavirus pandemic has begun rocking assets of every sort; the company gains when markets are volatile, and it can trade and market-make.High-frequency traders have a poor track record, often collapsing due to over-leverage and risky plays, but Virtu seems to have a track record of caution and focusing on building a cushion.I doubt Virtu will gain much more immediately from even further coronavirus-spurred volatility but the income and data it has gained will spur further acquisitions, expansion, and balance sheet support.That Virtu declined significantly in the mid-March universal asset meltdown shows there still are limits to it benefiting off of volatility, as when markets collapse, even Virtu isn't isolated.The company stands at a rare nexus between cautious market-making exchanges and the trading desks confined within large institutions and is increasingly proving its stability and steadiness.Virtu Financial (VIRTTrading Co
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VIRT
News
- Bitcoin ETF Discounts Reach Records After Late-Day Selloff [Yahoo! Finance Canada]Yahoo! Finance Canada
- Bitcoin ETFs Flash Signs of Stress as Discounts Reach Records [BNN Bloomberg (Canada)]BNN Bloomberg
- Virtu Financial (NASDAQ:VIRT) Has Affirmed Its Dividend Of $0.24 [Yahoo! Finance]Yahoo! Finance
- Virtu Financial, Inc. (NASDAQ: VIRT) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $19.20 to $21.70. They now have a "neutral" rating on the stock.MarketBeat
- Virtu Financial, Inc. (NASDAQ: VIRT) had its price target raised by analysts at Citigroup Inc. from $22.50 to $24.50. They now have a "buy" rating on the stock.MarketBeat
VIRT
Earnings
- 4/24/24 - Beat
VIRT
Sec Filings
- 4/29/24 - Form 8-K
- 4/29/24 - Form ARS
- 4/26/24 - Form DEFA14A
- VIRT's page on the SEC website