WCM Investment Management LLC Sells 4,965 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

WCM Investment Management LLC lessened its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,927 shares of the closed-end fund's stock after selling 4,965 shares during the period. WCM Investment Management LLC owned approximately 1.55% of Virtus Investment Partners worth $24,035,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VRTS. The Manufacturers Life Insurance Company raised its stake in shares of Virtus Investment Partners by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,496 shares of the closed-end fund's stock worth $790,000 after buying an additional 135 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Virtus Investment Partners by 25.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,830 shares of the closed-end fund's stock worth $1,012,000 after acquiring an additional 989 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Virtus Investment Partners in the 3rd quarter worth $42,000. Blue Trust Inc. grew its holdings in shares of Virtus Investment Partners by 138.3% in the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund's stock worth $72,000 after acquiring an additional 184 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Virtus Investment Partners by 11.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,085 shares of the closed-end fund's stock worth $849,000 after acquiring an additional 408 shares during the last quarter. Institutional investors own 80.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VRTS shares. Barclays lowered their price target on Virtus Investment Partners from $221.00 to $200.00 and set an "underweight" rating on the stock in a report on Monday, February 3rd. Morgan Stanley lowered their price target on Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a report on Thursday. 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. Finally, StockNews.com downgraded Virtus Investment Partners from a "buy" rating to a "hold" rating in a report on Friday, January 17th. 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $225.75.

Virtus Investment Partners Stock Down 1.4 %

VRTS traded down $2.73 during trading on Friday, reaching $188.54. 25,139 shares of the stock traded hands, compared to its average volume of 35,800. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 11.16 and a beta of 1.47. Virtus Investment Partners, Inc. has a fifty-two week low of $188.06 and a fifty-two 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. The stock's 50-day simple moving average is $219.40 and its two-hundred day simple moving average is $217.51.

Virtus Investment Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be given a dividend of $2.25 per share. The ex-dividend date is Friday, January 31st. This represents a $9.00 dividend on an annualized basis and a yield of 4.77%. Virtus Investment Partners's payout ratio is 53.25%.

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.