Victory Capital Holdings Inc (NASDAQ:VCTR) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 243,800 shares, an increase of 100.0% from the June 15th total of 121,900 shares. Based on an average trading volume of 83,900 shares, the short-interest ratio is presently 2.9 days. Currently, 1.7% of the shares of the company are short sold.
Several large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of Victory Capital in the first quarter worth $33,000. Spark Investment Management LLC grew its position in Victory Capital by 5.0% during the first quarter. Spark Investment Management LLC now owns 54,940 shares of the company’s stock valued at $825,000 after buying an additional 2,640 shares during the period. Globeflex Capital L P acquired a new stake in Victory Capital during the first quarter valued at $90,000. First Trust Advisors LP grew its position in Victory Capital by 32.3% during the fourth quarter. First Trust Advisors LP now owns 25,929 shares of the company’s stock valued at $265,000 after buying an additional 6,328 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Victory Capital during the first quarter valued at $139,000. Hedge funds and other institutional investors own 14.65% of the company’s stock.
VCTR stock traded down $0.10 during mid-day trading on Friday, reaching $18.84. The company had a trading volume of 130,197 shares, compared to its average volume of 95,969. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market cap of $1.28 billion, a P/E ratio of 12.90 and a beta of 1.60. The business has a 50 day moving average of $17.87. Victory Capital has a 12 month low of $7.27 and a 12 month high of $19.96.
Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The business had revenue of $87.48 million during the quarter, compared to analysts’ expectations of $91.04 million. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%. Equities analysts anticipate that Victory Capital will post 2.26 EPS for the current fiscal year.
A number of research analysts recently weighed in on VCTR shares. Morgan Stanley set a €37.50 ($43.60) target price on shares of Deutsche Post and gave the company a “buy” rating in a research note on Thursday, April 11th. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, July 16th. Bank of America set a $18.00 target price on shares of Victory Capital and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Oppenheimer set a $12.00 target price on shares of CymaBay Therapeutics and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, Royal Bank of Canada boosted their price target on shares of Victory Capital to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.06.
About Victory Capital
Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.
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