JPMorgan Chase & Co. Cuts Vinci Compass Investments (NASDAQ:VINP) Price Target to $14.00

Vinci Compass Investments (NASDAQ:VINP) had its price target reduced by JPMorgan Chase & Co. from $15.00 to $14.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Weiss Ratings downgraded Vinci Compass Investments from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vinci Compass Investments has an average rating of “Hold” and an average price target of $13.50.

Vinci Compass Investments Price Performance

NASDAQ:VINP opened at $9.44 on Thursday. The stock has a 50 day moving average of $9.70 and a two-hundred day moving average of $10.23. Vinci Compass Investments has a 12 month low of $9.19 and a 12 month high of $13.61. The firm has a market cap of $617.56 million, a P/E ratio of 13.49 and a beta of 0.29. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.38.

Vinci Compass Investments (NASDAQ:VINP) last released its earnings results on Wednesday, August 12th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $54.05 million during the quarter, compared to analysts’ expectations of $56.12 million. Vinci Compass Investments had a net margin of 23.77% and a return on equity of 12.65%. On average, analysts expect that Vinci Compass Investments will post 0.8 earnings per share for the current fiscal year.

Vinci Compass Investments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Tuesday, August 25th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 25th. This represents a $0.68 dividend on an annualized basis and a yield of 7.2%. Vinci Compass Investments’s payout ratio is presently 97.14%.

Insider Buying and Selling

In related news, CFO Sergio Ribeiro sold 13,061 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $10.00, for a total transaction 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. This represents a 5.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Augusto Zaremba sold 3,496 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $10.54, for a total transaction of $36,847.84. Following the completion of the sale, the insider owned 1,062,179 shares of the company’s stock, valued at approximately $11,195,366.66. The trade was a 0.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 67,272 shares of company stock worth $671,461. 49.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Vinci Compass Investments

Large investors have recently made changes to their positions in the stock. SPX Gestao de Recursos Ltda increased its holdings in shares of Vinci Compass Investments by 16.8% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,672,173 shares of the company’s stock valued at $49,291,000 after purchasing an additional 671,448 shares during the last quarter. Samlyn Capital LLC boosted its stake in Vinci Compass Investments by 3.5% during the third quarter. Samlyn Capital LLC now owns 2,335,754 shares of the company’s stock worth $25,109,000 after buying an additional 79,538 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Vinci Compass Investments by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 334,743 shares of the company’s stock worth $3,598,000 after buying an additional 38,154 shares during the last quarter. Endure Capital Management LLC acquired a new position in Vinci Compass Investments during the first quarter worth $3,531,000. Finally, State Street Corp grew its holdings in Vinci Compass Investments by 15.0% in the 4th quarter. State Street Corp now owns 236,278 shares of the company’s stock valued at $3,081,000 after buying an additional 30,904 shares in the last quarter. 34.07% of the stock is currently owned by hedge funds and other institutional investors.

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.