4,599 Shares in Virtus Investment Partners, Inc. (NASDAQ:VRTS) Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,599 shares of the closed-end fund's stock, valued at approximately $1,014,000. Arrowstreet Capital Limited Partnership owned approximately 0.07% of Virtus Investment Partners at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP raised its stake in Virtus Investment Partners by 388.5% during the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund's stock valued at $27,000 after purchasing an additional 101 shares during the period. Smartleaf Asset Management LLC raised its position in Virtus Investment Partners by 170.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock valued at $44,000 after buying an additional 126 shares during the period. R Squared Ltd acquired a new position in Virtus Investment Partners during the fourth quarter valued at $75,000. KBC Group NV boosted its position in Virtus Investment Partners by 61.2% during the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund's stock worth $87,000 after acquiring an additional 150 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Virtus Investment Partners during the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 80.52% of the company's stock.

Virtus Investment Partners Stock Up 0.7 %

NASDAQ:VRTS traded up $0.98 during trading hours on Thursday, reaching $149.03. The company's stock had a trading volume of 4,259 shares, compared to its average volume of 40,209. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 8.82 and a beta of 1.36. The business's 50-day moving average is $172.89 and its 200-day moving average is $205.01. Virtus Investment Partners, Inc. has a one year low of $144.13 and a one year high of $252.82.

Virtus Investment Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 6.04%. The ex-dividend date is Wednesday, April 30th. Virtus Investment Partners's dividend payout ratio is currently 53.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VRTS. StockNews.com raised shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Morgan Stanley cut their target price on shares of Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating for the company in a research report on Thursday, February 6th. Barclays lowered their price target on shares of Virtus Investment Partners from $200.00 to $149.00 and set an "underweight" rating on the stock in a report on Wednesday. Piper Sandler cut their price objective on Virtus Investment Partners from $252.00 to $216.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen cut their price target on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $180.25.

About Virtus Investment Partners

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.