Hotchkis & Wiley Capital Management LLC Buys 3,380 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,600 shares of the closed-end fund's stock after acquiring an additional 3,380 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.81% of Virtus Investment Partners worth $11,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRTS. Allspring Global Investments Holdings LLC grew its stake in Virtus Investment Partners by 3.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,377 shares of the closed-end fund's stock valued at $537,000 after acquiring an additional 73 shares during the period. Los Angeles Capital Management LLC increased its stake in Virtus Investment Partners by 2.3% during the second quarter. Los Angeles Capital Management LLC now owns 3,717 shares of the closed-end fund's stock worth $839,000 after purchasing an additional 85 shares during the period. Tidal Investments LLC increased its stake in shares of Virtus Investment Partners by 9.4% during the first quarter. Tidal Investments LLC now owns 1,048 shares of the closed-end fund's stock worth $260,000 after buying an additional 90 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Virtus Investment Partners by 3.0% in the second quarter. Louisiana State Employees Retirement System now owns 3,400 shares of the closed-end fund's stock valued at $768,000 after purchasing an additional 100 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Virtus Investment Partners by 7.2% in the second quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund's stock valued at $412,000 after acquiring an additional 124 shares during the period. 80.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VRTS. Piper Sandler upped their price target on Virtus Investment Partners from $264.00 to $274.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Barclays assumed coverage on Virtus Investment Partners in a research note on Tuesday, August 27th. They issued an "underweight" rating and a $206.00 price target on the stock. Morgan Stanley raised their target price on Virtus Investment Partners from $208.00 to $217.00 and gave the company an "underweight" rating in a report on Friday, October 18th. Finally, StockNews.com downgraded Virtus Investment Partners from a "buy" rating to a "hold" rating in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Virtus Investment Partners currently has a consensus rating of "Hold" and an average target price of $236.00.

Virtus Investment Partners Price Performance

Shares of Virtus Investment Partners stock traded up $6.45 during midday trading on Wednesday, hitting $252.82. 23,062 shares of the company were exchanged, compared to its average volume of 42,403. 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 firm has a market cap of $1.77 billion, a P/E ratio of 15.37 and a beta of 1.46. Virtus Investment Partners, Inc. has a 52 week low of $190.42 and a 52 week high of $263.39. The firm has a 50 day simple moving average of $225.48 and a 200-day simple moving average of $220.42.

Virtus Investment Partners 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.