Vinci Compass Investments (NASDAQ:VINP) Shares Gap Down on Insider Selling

Vinci Compass Investments Ltd. (NASDAQ:VINP) shares gapped down before the market opened on Monday after an insider sold shares in the company. The stock had previously closed at $11.49, but opened at $9.21. Vinci Compass Investments shares last traded at $9.6060, with a volume of 35,919 shares traded.

Specifically, insider Augusto Zaremba sold 7,291 shares of Vinci Compass Investments stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $11.42, for a total value of $83,263.22. Following the completion of the sale, the insider directly owned 935,257 shares in the company, valued at approximately $10,680,634.94. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Augusto Zaremba sold 3,843 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $11.29, for a total value of $43,387.47. Following the transaction, the insider owned 942,548 shares in the company, valued at approximately $10,641,366.92. This trade represents a 0.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Vinci Compass Investments news, insider Augusto Zaremba sold 15,668 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $11.20, for a total value of $175,481.60. Following the transaction, the insider directly owned 946,391 shares of the company’s stock, valued at $10,599,579.20. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VINP. Zacks Research lowered shares of Vinci Compass Investments from a “hold” rating to a “strong sell” rating in a report on Thursday, September 10th. Weiss Ratings upgraded shares of Vinci Compass Investments from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vinci Compass Investments from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Vinci Compass Investments Stock Down 18.0%

The firm’s 50 day moving average price is $9.96 and its two-hundred day moving average price is $10.08. The company has a market cap of $616.58 million, a P/E ratio of 13.51 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.58 and a current ratio of 3.58.

Vinci Compass Investments (NASDAQ:VINP) last issued its earnings results on Wednesday, August 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $54.05 million for the quarter, compared to the consensus estimate of $56.12 million. Vinci Compass Investments had a return on equity of 12.65% and a net margin of 23.77%. Equities research analysts anticipate that Vinci Compass Investments Ltd. will post 0.80 EPS for the current fiscal year.

Vinci Compass Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Tuesday, August 25th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $0.68 annualized dividend and a dividend yield of 7.2%. Vinci Compass Investments’s dividend payout ratio is currently 97.14%.

Institutional Investors Weigh In On Vinci Compass Investments

A number of hedge funds have recently made changes to their positions in the business. SPX Gestao de Recursos Ltda raised its stake 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 acquiring an additional 671,448 shares during the period. Endure Capital Management LLC bought a new stake in shares of Vinci Compass Investments in the 1st quarter worth about $3,531,000. Rockefeller Capital Management L.P. purchased a new position in shares of Vinci Compass Investments during the 4th quarter worth about $1,324,000. Deltec Asset Management LLC boosted its stake in shares of Vinci Compass Investments by 136.1% during the 1st quarter. Deltec Asset Management LLC now owns 59,934 shares of the company’s stock worth $632,000 after purchasing an additional 34,553 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Vinci Compass Investments by 12.2% during the 1st quarter. Renaissance Technologies LLC now owns 84,900 shares of the company’s stock worth $896,000 after purchasing an additional 9,264 shares during the period. 34.07% of the stock is currently owned by institutional investors.

About Vinci Compass Investments

Vinci Compass Investments Ltd. is an alternative investment platform focused on Latin America. The company manages capital for institutional investors, family offices, high-net-worth individuals and other clients through a range of public- and private-market strategies.

Its investment activities include private equity, infrastructure, real estate, private credit, hedge funds, equities, fixed income and other customized investment solutions. Through its Vinci and Compass businesses, the company provides asset management and advisory services designed to give clients access to opportunities across Brazil and other Latin American markets.

Vinci Partners, the company’s principal operating business, was founded in Brazil in 2009.