Vinci Partners Investments Ltd. (NASDAQ:VINP) Stake Raised by State Street Corp

State Street Corp grew its holdings in shares of Vinci Partners Investments Ltd. (NASDAQ:VINP) by 391.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,534 shares of the company’s stock after purchasing an additional 84,040 shares during the period. State Street Corp’s holdings in Vinci Partners Investments were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in VINP. National Bank of Canada FI increased its holdings in shares of Vinci Partners Investments by 209.1% in the second quarter. National Bank of Canada FI now owns 139,655 shares of the company’s stock valued at $1,522,000 after buying an additional 94,467 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Vinci Partners Investments by 6.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 154,158 shares of the company’s stock worth $1,680,000 after acquiring an additional 9,803 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Vinci Partners Investments by 10.5% during the third quarter. Van ECK Associates Corp now owns 12,717 shares of the company’s stock worth $127,000 after purchasing an additional 1,208 shares during the period. Institutional investors and hedge funds own 34.07% of the company’s stock.

Wall Street Analyst Weigh In

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

Vinci Partners Investments Stock Down 1.2 %

VINP stock opened at $9.95 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 12.68 and a quick ratio of 12.68. The firm has a market capitalization of $535.10 million, a P/E ratio of 16.05 and a beta of 0.09. Vinci Partners Investments Ltd. has a 52-week low of $9.01 and a 52-week high of $11.85. The company’s 50 day simple moving average is $10.31 and its 200-day simple moving average is $10.47.

Vinci Partners Investments Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend was Wednesday, November 20th. Vinci Partners Investments’s dividend payout ratio (DPR) is currently 103.23%.

Vinci Partners Investments 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.