Connor Clark & Lunn Investment Management Ltd. acquired a new position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,987 shares of the closed-end fund's stock, valued at approximately $659,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP lifted its stake in shares of Virtus Investment Partners by 388.5% in the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund's stock worth $27,000 after acquiring an additional 101 shares during the period. Smartleaf Asset Management LLC grew its holdings 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 worth $44,000 after acquiring an additional 126 shares during the period. R Squared Ltd bought a new stake in Virtus Investment Partners in the fourth quarter worth about $75,000. KBC Group NV boosted its position in shares of Virtus Investment Partners by 61.2% during the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund's stock valued at $87,000 after purchasing an additional 150 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its holdings in Virtus Investment Partners by 57.2% during the third quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund's stock worth $128,000 after buying an additional 222 shares in the last quarter. Institutional investors own 80.52% of the company's stock.
Virtus Investment Partners Stock Performance
NASDAQ:VRTS traded down $2.29 during trading hours on Wednesday, hitting $174.49. 58,131 shares of the company traded hands, compared to its average volume of 36,566. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners, Inc. has a twelve month low of $167.13 and a twelve month high of $263.39. The firm has a 50-day moving average of $188.99 and a 200 day moving average of $210.62. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.32 and a beta of 1.49.
Virtus Investment Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders 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 5.16%. The ex-dividend date of this dividend is Wednesday, April 30th. Virtus Investment Partners's payout ratio is presently 53.25%.
Analyst Ratings Changes
VRTS has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on Virtus Investment Partners from $274.00 to $258.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Barclays lowered their target price 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. Morgan Stanley decreased their target price on 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. Finally, StockNews.com upgraded shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. 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 company. According to MarketBeat.com, Virtus Investment Partners currently has an average rating of "Hold" and a consensus price target of $225.75.
Check Out Our Latest Analysis on Virtus Investment Partners
Virtus Investment Partners Company 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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