Vinci Compass Investments (NASDAQ:VINP) Shares Down 4.6% After Earnings Miss

Vinci Compass Investments Ltd. (NASDAQ:VINP)’s share price fell 4.6% on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $9.22 and last traded at $9.4450. 18,730 shares were traded during trading, a decline of 73% from the average session volume of 68,324 shares. The stock had previously closed at $9.90.

The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $54.05 million during the quarter, compared to analysts’ expectations of $56.12 million. Vinci Compass Investments had a return on equity of 13.73% and a net margin of 26.75%.

Vinci Compass Investments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.1%. Vinci Compass Investments’s payout ratio is currently 91.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VINP shares. Zacks Research upgraded Vinci Compass Investments to a “hold” rating in a research note on Thursday, April 16th. Weiss Ratings cut Vinci Compass Investments from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Vinci Compass Investments has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Insiders Place Their Bets

In other Vinci Compass Investments news, insider Fernando Lovisotto sold 11,818 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $10.33, for a total value of $122,079.94. Following the completion of the sale, the insider directly owned 989,231 shares in the company, valued at $10,218,756.23. This represents a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sergio Passos Ribeiro sold 13,061 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $10.00, for a total value of $130,610.00. Following the completion of the sale, the chief financial officer owned 212,547 shares of the company’s stock, valued at approximately $2,125,470. The trade was a 5.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 175,722 shares of company stock worth $1,757,330 in the last three months. 49.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Vinci Compass Investments

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mondrian Investment Partners LTD purchased a new position in Vinci Compass Investments during the fourth quarter worth about $37,000. Russell Investments Group Ltd. acquired a new position in shares of Vinci Compass Investments in the 2nd quarter worth approximately $123,000. Citadel Advisors LLC acquired a new position in shares of Vinci Compass Investments in the 3rd quarter worth approximately $159,000. Van ECK Associates Corp boosted its position in shares of Vinci Compass Investments by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 15,055 shares of the company’s stock worth $162,000 after purchasing an additional 2,138 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Vinci Compass Investments during the 4th quarter worth approximately $163,000. 34.07% of the stock is currently owned by hedge funds and other institutional investors.

Vinci Compass Investments Price Performance

The company has a current ratio of 5.08, a quick ratio of 5.08 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average is $9.80 and its two-hundred day moving average is $10.70. The stock has a market cap of $627.07 million, a price-to-earnings ratio of 12.95 and a beta of 0.30.

About Vinci Compass 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. In addition, the company financial and strategic advisory services, focusing on IPO advisory and mergers and acquisition transactions to entrepreneurs, corporate senior management teams, and boards of directors.