Victory Capital Holdings Inc (NASDAQ:VCTR) Sees Significant Decline in Short Interest

Victory Capital Holdings Inc (NASDAQ:VCTR) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 122,200 shares, a drop of 8.7% from the May 15th total of 133,800 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 83,400 shares, the short-interest ratio is presently 1.5 days.

Several analysts have recently weighed in on VCTR shares. Oppenheimer set a $12.00 price objective on shares of CymaBay Therapeutics and gave the stock a “buy” rating in a report on Tuesday, June 11th. Royal Bank of Canada raised their price target on shares of Victory Capital to $19.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Morgan Stanley set a €37.50 ($43.60) price target on shares of Deutsche Post and gave the company a “buy” rating in a report on Thursday, April 11th. B. Riley reissued a “buy” rating on shares of RumbleON in a report on Tuesday, July 2nd. Finally, Bank of America set a $18.00 price target on shares of Victory Capital and gave the company a “buy” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Victory Capital currently has an average rating of “Buy” and an average target price of $16.19.

Several institutional investors have recently added to or reduced their stakes in the company. Impax Asset Management Group plc increased its stake in shares of Victory Capital by 1.3% during the 4th quarter. Impax Asset Management Group plc now owns 1,585,710 shares of the company’s stock worth $16,206,000 after purchasing an additional 20,000 shares during the last quarter. Algebris UK Ltd acquired a new position in shares of Victory Capital during the 4th quarter worth about $4,099,000. Dimensional Fund Advisors LP increased its stake in shares of Victory Capital by 452.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 193,219 shares of the company’s stock worth $1,973,000 after purchasing an additional 158,242 shares during the last quarter. Deutsche Bank AG grew its stake in Victory Capital by 10,100.0% in the 4th quarter. Deutsche Bank AG now owns 163,200 shares of the company’s stock valued at $1,667,000 after buying an additional 161,600 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Victory Capital in the 4th quarter valued at about $1,442,000. Institutional investors own 14.65% of the company’s stock.

VCTR traded down $0.31 during trading on Friday, hitting $17.94. The company had a trading volume of 98,688 shares, compared to its average volume of 80,756. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.25 and a quick ratio of 2.25. Victory Capital has a one year low of $7.27 and a one year high of $19.96. The stock has a 50-day moving average of $17.60. The stock has a market capitalization of $1.23 billion, a P/E ratio of 12.29 and a beta of 1.60.

Victory Capital (NASDAQ:VCTR) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $87.48 million for the quarter, compared to analyst estimates of $91.04 million. Victory Capital had a net margin of 17.10% and a return on equity of 23.34%. Equities research analysts predict that Victory Capital will post 2.26 earnings per share for the current year.

Victory Capital Company Profile

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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