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Virtu Financial Inc. (VIRT) Has Surged To A New High On Strong Q4 Earnings

Virtu Financial Inc. (VIRT) reported fourth quarter adjusted EPS of $0.22 Thursday morning, which exceeded the consensus estimate of $0.12.

The company's board of directors declared a quarterly cash dividend of $0.24 per share and approved a new share repurchase program of up to $50 million in Class A common stock and common units.

Virtu Financial gapped open sharply higher Thursday morning and has continued to rise in early trade. Shares are now up 3.65 at $23.70 on above average volume. The stock has surged to a new high for the year.

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