In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Virtu Financial Inc. (NASDAQ:VIRT) reported that Viola Vincent J has picked up 94,868,004 of common stock as of 2017-07-31.
The acquisition brings the aggregate amount owned by Viola Vincent J to a total of 94,868,004 representing a 52.1% in the company.
For those not familiar with the company, Virtu Financial, Inc.(NASDAQ:VIRT) is a holding company. The Company is a technology-enabled market maker and liquidity provider to the financial markets across the world. It is engaged in buying or selling a range of securities and other financial instruments and earning small bid/ask spreads across various transactions. It has a single, multi-asset, multi-currency technology platform, through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools in various countries around the world. It makes markets in a range of different assets classes, such as Americas Equities; Europe, the Middle East and Africa (EMEA) Equities; Asia Pacific (APAC) Equities; Global Commodities; Global Currencies, and Options, Fixed Income and Other Securities. It makes markets for global banks, brokers and other intermediaries, and indirectly provides services to retail and institutional investors.
A glance at Virtu Financial Inc.’s (NASDAQ:VIRT)key stats reveals a current market capitalization of 1.50B based on 88.45M shares outstanding and a price at last close of $16.55 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2017-07-20, Temasek picked up 6,346,155 at a purchase price of $15.60 per share.This brings their total holding to 18,663,837 as of the date of the filing.
On the sell side, the most recent transaction saw Silver unload 3,100,579 shares at a sale price of $21.65. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Virtu Financial Inc. (NASDAQ:VIRT) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.