Verition Fund Management LLC Increases Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Verition Fund Management LLC raised its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 219.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,688 shares of the closed-end fund's stock after purchasing an additional 2,532 shares during the period. Verition Fund Management LLC owned 0.05% of Virtus Investment Partners worth $772,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VRTS. Blue Trust Inc. lifted its stake in Virtus Investment Partners by 6,550.0% in the 2nd quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund's stock valued at $33,000 after buying an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Virtus Investment Partners in the second quarter valued at $42,000. nVerses Capital LLC acquired a new stake in shares of Virtus Investment Partners during the third quarter valued at $42,000. CWM LLC increased its position in Virtus Investment Partners by 334.1% during the 2nd quarter. CWM LLC now owns 382 shares of the closed-end fund's stock worth $86,000 after purchasing an additional 294 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Virtus Investment Partners in the 2nd quarter valued at about $164,000. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Virtus Investment Partners from $212.00 to $239.00 and gave the stock an "underweight" rating in a research note on Monday. StockNews.com cut shares of Virtus Investment Partners from a "buy" rating to a "hold" rating in a research note on Monday, November 25th. Morgan Stanley boosted their price target 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, Piper Sandler raised their price objective on Virtus Investment Partners from $264.00 to $274.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Virtus Investment Partners presently has an average rating of "Hold" and a consensus target price of $244.25.

Virtus Investment Partners Trading Down 0.7 %

NASDAQ:VRTS traded down $1.64 during trading hours on Tuesday, reaching $245.69. 45,935 shares of the company were exchanged, compared to its average volume of 42,241. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 14.94 and a beta of 1.46. The stock has a 50 day simple moving average of $228.62 and a 200 day simple moving average of $220.70. Virtus Investment Partners, Inc. has a 52-week low of $190.42 and a 52-week high of $263.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86.

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.