Vinci Partners Investments (NASDAQ:VINP) Shares Gap Down to $10.88

Vinci Partners Investments Ltd. (NASDAQ:VINP)’s share price gapped down before the market opened on Friday . The stock had previously closed at $10.88, but opened at $10.48. Vinci Partners Investments shares last traded at $10.48, with a volume of 3,541 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price target on Vinci Partners Investments from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th.

Vinci Partners Investments Trading Down 4.0 %

The stock has a 50 day moving average of $10.97 and a 200-day moving average of $10.92. The company has a market capitalization of $541.03 million, a P/E ratio of 12.42 and a beta of 0.11. The company has a current ratio of 10.68, a quick ratio of 10.68 and a debt-to-equity ratio of 0.52.

Vinci Partners Investments (NASDAQ:VINP) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The company had revenue of $25.18 million for the quarter, compared to the consensus estimate of $20.50 million. Vinci Partners Investments had a net margin of 36.07% and a return on equity of 13.37%. On average, research analysts predict that Vinci Partners Investments Ltd. will post 0.69 EPS for the current year.

Vinci Partners Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.76%. Vinci Partners Investments’s dividend payout ratio (DPR) is presently 83.95%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI purchased a new position in Vinci Partners Investments in the 4th quarter worth approximately $300,000. UBS Group AG raised its position in shares of Vinci Partners Investments by 15.5% during the fourth quarter. UBS Group AG now owns 596,245 shares of the company’s stock valued at $6,529,000 after buying an additional 79,945 shares during the last quarter. SPX Gestao de Recursos Ltda lifted its holdings in shares of Vinci Partners Investments by 231.1% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 510,869 shares of the company’s stock worth $5,594,000 after buying an additional 356,569 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Vinci Partners Investments during the fourth quarter worth $229,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in Vinci Partners Investments during the first quarter valued at $217,000. 34.07% of the stock is currently owned by institutional investors.

About Vinci Partners Investments

Vinci Partners Investments Ltd. operates as an asset management firm in Brazil. The company focuses on private markets, liquid strategies, investment products and solutions, and retirement services. It offers private equity, infrastructure, real estate, credit, special situations, equities, hedge funds, and investment products and solutions comprising portfolio and management services.