Virtu Financial LLC Takes $258,000 Position in Iron Mountain Inc (IRM)

Virtu Financial LLC acquired a new stake in shares of Iron Mountain Inc (NYSE:IRM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,957 shares of the financial services provider’s stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dubuque Bank & Trust Co. boosted its stake in shares of Iron Mountain by 565.3% in the fourth quarter. Dubuque Bank & Trust Co. now owns 1,171 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 995 shares during the period. Monument Capital Management bought a new position in shares of Iron Mountain in the third quarter worth about $121,000. Columbia Asset Management bought a new position in shares of Iron Mountain in the third quarter worth about $173,000. NTV Asset Management LLC bought a new position in shares of Iron Mountain in the third quarter worth about $224,000. Finally, Clinton Group Inc. bought a new position in shares of Iron Mountain in the third quarter worth about $233,000. 88.16% of the stock is currently owned by institutional investors.

In other news, EVP Ernest W. Cloutier sold 21,037 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $36.90, for a total transaction of $776,265.30. Following the transaction, the executive vice president now owns 72,411 shares of the company’s stock, valued at $2,671,965.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jennifer Allerton sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $33.75, for a total value of $101,250.00. Following the completion of the transaction, the director now directly owns 14,081 shares in the company, valued at approximately $475,233.75. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

IRM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Iron Mountain from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Monday, December 10th. Stifel Nicolaus downgraded Iron Mountain from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $34.00 in a research report on Friday, October 26th. Barclays decreased their target price on Iron Mountain from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 30th. ValuEngine upgraded Iron Mountain from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Bank of America initiated coverage on Iron Mountain in a research report on Tuesday, November 20th. They issued a “neutral” rating and a $34.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $36.86.

IRM opened at $35.84 on Thursday. The company has a market cap of $10.28 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.84 and a beta of 0.71. Iron Mountain Inc has a one year low of $30.22 and a one year high of $37.32. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.18.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th will be paid a dividend of $0.611 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.82%. Iron Mountain’s dividend payout ratio is 114.55%.

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Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

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Institutional Ownership by Quarter for Iron Mountain (NYSE:IRM)

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