AlphaQuest LLC cut its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 27.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,967 shares of the closed-end fund's stock after selling 2,588 shares during the period. AlphaQuest LLC owned 0.10% of Virtus Investment Partners worth $1,537,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Virtus Investment Partners by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,880 shares of the closed-end fund's stock valued at $61,074,000 after acquiring an additional 21,344 shares in the last quarter. Basswood Capital Management L.L.C. raised its holdings in shares of Virtus Investment Partners by 12.4% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 110,429 shares of the closed-end fund's stock valued at $23,129,000 after purchasing an additional 12,193 shares in the last quarter. Algert Global LLC lifted its stake in shares of Virtus Investment Partners by 57.1% in the 3rd quarter. Algert Global LLC now owns 26,167 shares of the closed-end fund's stock valued at $5,481,000 after purchasing an additional 9,508 shares during the last quarter. Barclays PLC boosted its holdings in Virtus Investment Partners by 204.9% in the third quarter. Barclays PLC now owns 14,119 shares of the closed-end fund's stock worth $2,957,000 after purchasing an additional 9,488 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Virtus Investment Partners by 592.0% during the third quarter. Jane Street Group LLC now owns 9,218 shares of the closed-end fund's stock worth $1,931,000 after buying an additional 7,886 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.
Virtus Investment Partners Stock Performance
Virtus Investment Partners stock traded down $3.04 on Wednesday, hitting $172.87. The company's stock had a trading volume of 40,530 shares, compared to its average volume of 39,813. Virtus Investment Partners, Inc. has a one year low of $170.14 and a one year high of $263.39. The firm has a market cap of $1.20 billion, a P/E ratio of 10.23 and a beta of 1.49. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average price of $196.66 and a 200-day moving average price of $212.84.
Virtus Investment Partners Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 5.21%. The ex-dividend date is Wednesday, April 30th. Virtus Investment Partners's dividend payout ratio (DPR) is presently 53.25%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Morgan Stanley decreased their price target on Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. Barclays dropped their price target on shares of Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating on the stock in a research report on Monday, February 3rd. StockNews.com raised shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Finally, Piper Sandler cut their price objective on shares of Virtus Investment Partners from $274.00 to $258.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $225.75.
View Our Latest Report on Virtus Investment Partners
Virtus Investment Partners Profile
(
Free Report)
Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.
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