Vinci Partners Investments Ltd. (NASDAQ:VINP) Sees Significant Increase in Short Interest

Vinci Partners Investments Ltd. (NASDAQ:VINP) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 247,000 shares, a growth of 26.0% from the November 15th total of 196,100 shares. Based on an average daily volume of 66,700 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.0% of the shares of the stock are short sold.

Vinci Partners Investments Trading Down 1.0 %

Shares of VINP opened at $10.69 on Friday. Vinci Partners Investments has a twelve month low of $9.01 and a twelve month high of $11.85. The firm has a market capitalization of $574.91 million, a P/E ratio of 17.24 and a beta of 0.09. The company has a current ratio of 12.68, a quick ratio of 12.68 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $10.31 and its 200 day simple moving average is $10.52.

Vinci Partners Investments Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, November 20th. This represents a $0.64 annualized dividend and a dividend yield of 5.99%. Vinci Partners Investments’s payout ratio is 103.23%.

Institutional Investors Weigh In On Vinci Partners Investments

Institutional investors and hedge funds have recently modified their holdings of the stock. SPX Gestao de Recursos Ltda raised its stake in shares of Vinci Partners Investments by 3.4% during the third quarter. SPX Gestao de Recursos Ltda now owns 3,562,635 shares of the company’s stock valued at $35,377,000 after purchasing an additional 115,545 shares during the period. Driehaus Capital Management LLC grew its holdings in Vinci Partners Investments by 6.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 154,158 shares of the company’s stock valued at $1,680,000 after purchasing an additional 9,803 shares in the last quarter. National Bank of Canada FI grew its holdings in Vinci Partners Investments by 209.1% during the 2nd quarter. National Bank of Canada FI now owns 139,655 shares of the company’s stock valued at $1,522,000 after purchasing an additional 94,467 shares in the last quarter. State Street Corp increased its stake in Vinci Partners Investments by 391.0% during the 3rd quarter. State Street Corp now owns 105,534 shares of the company’s stock worth $1,048,000 after buying an additional 84,040 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Vinci Partners Investments by 10.5% in the 3rd quarter. Van ECK Associates Corp now owns 12,717 shares of the company’s stock worth $127,000 after buying an additional 1,208 shares in the last quarter. Hedge funds and other institutional investors own 34.07% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reiterated a “buy” rating and issued a $13.00 price target on shares of Vinci Partners Investments in a report on Thursday, December 5th.

Vinci Partners Investments Company Profile

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.