Van ECK Associates Corp Decreases Stake in Vinci Partners Investments Ltd. (NASDAQ:VINP)

Van ECK Associates Corp reduced its position in Vinci Partners Investments Ltd. (NASDAQ:VINP) by 20.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,509 shares of the company’s stock after selling 2,873 shares during the period. Van ECK Associates Corp’s holdings in Vinci Partners Investments were worth $125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC boosted its position in Vinci Partners Investments by 0.6% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 864,851 shares of the company’s stock valued at $9,773,000 after buying an additional 4,968 shares during the last quarter. Absolute Gestao de Investimentos Ltda. bought a new position in shares of Vinci Partners Investments during the first quarter worth about $217,000. Quadrature Capital Ltd bought a new position in shares of Vinci Partners Investments during the fourth quarter worth about $229,000. National Bank of Canada FI bought a new position in shares of Vinci Partners Investments during the fourth quarter worth about $300,000. Finally, UBS Group AG lifted 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 worth $6,529,000 after purchasing an additional 79,945 shares during the last quarter. 34.07% of the stock is owned by hedge funds and other institutional investors.

Vinci Partners Investments Stock Performance

Shares of NASDAQ VINP opened at $10.05 on Tuesday. The company has a quick ratio of 10.68, a current ratio of 10.68 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $10.89. Vinci Partners Investments Ltd. has a 52-week low of $9.57 and a 52-week high of $11.85. The stock has a market capitalization of $540.49 million, a P/E ratio of 12.41 and a beta of 0.10.

Vinci Partners Investments (NASDAQ:VINP) last issued its earnings results 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). Vinci Partners Investments had a return on equity of 13.37% and a net margin of 36.07%. The business had revenue of $25.18 million during the quarter, compared to the consensus estimate of $20.50 million. As a group, sell-side analysts forecast that Vinci Partners Investments Ltd. will post 0.65 earnings per share for the current year.

Vinci Partners Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $0.17 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.68 dividend on an annualized basis and a yield of 6.77%. Vinci Partners Investments’s dividend payout ratio is currently 83.95%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price target on shares of Vinci Partners Investments from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th.

Vinci Partners Investments Profile

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.