EntryPoint Capital LLC Acquires 1,486 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

EntryPoint Capital LLC increased its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 75.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,461 shares of the closed-end fund's stock after acquiring an additional 1,486 shares during the quarter. Virtus Investment Partners comprises approximately 0.3% of EntryPoint Capital LLC's holdings, making the stock its 17th biggest position. EntryPoint Capital LLC's holdings in Virtus Investment Partners were worth $763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Virtus Investment Partners by 388.5% in the third quarter. Quarry LP now owns 127 shares of the closed-end fund's stock worth $27,000 after purchasing an additional 101 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Virtus Investment Partners by 170.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock worth $44,000 after buying an additional 126 shares in the last quarter. R Squared Ltd bought a new stake in Virtus Investment Partners during the fourth quarter valued at about $75,000. KBC Group NV lifted its position in shares of Virtus Investment Partners by 61.2% in the fourth quarter. KBC Group NV now owns 395 shares of the closed-end fund's stock valued at $87,000 after acquiring an additional 150 shares in the last quarter. Finally, Point72 DIFC Ltd boosted its stake in shares of Virtus Investment Partners by 57.2% in the third quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund's stock worth $128,000 after acquiring an additional 222 shares during the period. Institutional investors own 80.52% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently commented on VRTS shares. 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. StockNews.com upgraded shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Barclays decreased 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 note on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $225.75.

Virtus Investment Partners Trading Down 1.1 %

Shares of NASDAQ:VRTS traded down $1.97 during trading on Friday, reaching $173.21. The company's stock had a trading volume of 56,481 shares, compared to its average volume of 39,383. The stock has a market capitalization of $1.21 billion, a PE ratio of 10.25 and a beta of 1.49. Virtus Investment Partners, Inc. has a 12 month low of $167.13 and a 12 month high of $252.82. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm's 50 day simple moving average is $186.87 and its two-hundred day simple moving average is $210.07.

Virtus Investment Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Wednesday, April 30th. Virtus Investment Partners's payout ratio is 53.25%.

Virtus Investment Partners Company Profile

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.