In my view, VIRT's recent disappointing stock performance can be mostly attributed to a challenging 2019 and acquisition integration hurdles.
Nevertheless, I think the discount is now too steep to pass up, especially for income investors.
VIRT's CEO himself echoes this feeling. In my experience, this is typically a good buy signal, especially at a 5.77% dividend yield.
My valuation model for the stock suggests that the shares have a fair value of $22.22 and a potential upside of 32.7%.
All in all, I deem VIRT is now an exceedingly compelling and overlooked dividend stock at these levels.