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Virtu Financial Inc. (VIRT) Soared 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 higher Thursday and climbed for the majority of the morning. Shares finished with a gain of 6.45 at $26.50 on the highest volume of the year. The stock soared to a new high for the year.

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