Virtu Financial: Still A Powerful Hedge You Don't Know About

Summary

• Virtu Financial is a fortress of a business that performs well with high operating margins even in unfavorable conditions.
• The company's performance is closely tied to market volumes and volatility, thriving in both market rallies and crashes. With money market funds at all-time highs, greener pastures await investors.
• While waiting for market opportunities, Virtu issues a stable dividend and has repurchased close to a third of the company's outstanding shares since 2021.
• Despite the recent rally in the stock price, there is still ~75% upside to intrinsic value despite modest assumptions.

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Since my last Virtu Financial (NASDAQ:VIRT) article, the stock is up 65% while the S&P 500 returned 14%. It is one of my worst-performing articles in terms of readers on Seeking Alpha, but one of my best-performing

Analyst’s Disclosure:I/we have a beneficial long position in the shares of VIRT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.