Virtus Investment Partners, Inc. $VRTS Shares Bought by AlphaQuest LLC

AlphaQuest LLC lifted its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 224.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,944 shares of the closed-end fund’s stock after buying an additional 7,575 shares during the period. AlphaQuest LLC owned approximately 0.16% of Virtus Investment Partners worth $2,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VRTS. Y Intercept Hong Kong Ltd raised its stake in Virtus Investment Partners by 1.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 4,670 shares of the closed-end fund’s stock valued at $887,000 after acquiring an additional 67 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Virtus Investment Partners by 2,043.0% in the third quarter. Teacher Retirement System of Texas now owns 26,059 shares of the closed-end fund’s stock valued at $4,952,000 after purchasing an additional 24,843 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Virtus Investment Partners by 16.9% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,477 shares of the closed-end fund’s stock worth $281,000 after purchasing an additional 213 shares during the last quarter. Seizert Capital Partners LLC lifted its holdings in shares of Virtus Investment Partners by 22.9% during the third quarter. Seizert Capital Partners LLC now owns 1,760 shares of the closed-end fund’s stock worth $334,000 after purchasing an additional 328 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in Virtus Investment Partners by 106.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,428 shares of the closed-end fund’s stock valued at $656,000 after buying an additional 1,770 shares during the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Barclays boosted their price target on shares of Virtus Investment Partners from $158.00 to $166.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. Piper Sandler cut their price target on shares of Virtus Investment Partners from $225.00 to $218.00 and set an “overweight” rating for the company in a report on Tuesday, December 23rd. Morgan Stanley reduced their price objective on shares of Virtus Investment Partners from $173.00 to $168.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. Finally, TD Cowen dropped their target price on Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a research report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $181.25.

Virtus Investment Partners Stock Down 1.6%

VRTS stock opened at $163.31 on Friday. 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 company’s 50-day moving average price is $165.17 and its 200 day moving average price is $179.45. Virtus Investment Partners, Inc. has a 52 week low of $142.18 and a 52 week high of $215.06. The company has a market cap of $1.10 billion, a P/E ratio of 9.66 and a beta of 1.47.

Virtus Investment Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Saturday, January 31st will be issued a dividend of $2.40 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $9.60 annualized dividend and a yield of 5.9%. Virtus Investment Partners’s payout ratio is currently 49.28%.

Virtus Investment Partners Company Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.