Virtus Investment Partners, Inc. (VRTS) to Issue Quarterly Dividend of $2.40 on August 14th

Virtus Investment Partners, Inc. (NASDAQ:VRTS) announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, July 31st will be paid a dividend of 2.40 per share by the closed-end fund on Friday, August 14th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Friday, July 31st.

Virtus Investment Partners has raised its dividend by an average of 0.3%per year over the last three years.

Virtus Investment Partners Price Performance

Shares of NASDAQ:VRTS opened at $143.86 on Friday. Virtus Investment Partners has a 12 month low of $121.61 and a 12 month high of $215.06. The stock has a market cap of $961.24 million, a price-to-earnings ratio of 8.51 and a beta of 1.41. The stock’s 50 day moving average price is $136.67 and its 200 day moving average price is $150.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86.

Insiders Place Their Bets

In other news, Director W Howard Morris acquired 2,150 shares of the stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $129.34 per share, for a total transaction of $278,081.00. Following the transaction, the director owned 2,000 shares in the company, valued at approximately $258,680. This trade represents a -1,433.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Virtus Investment Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in VRTS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Virtus Investment Partners by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock worth $681,000 after purchasing an additional 103 shares in the last quarter. Millennium Management LLC grew its position in Virtus Investment Partners by 10.8% during the 1st quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock worth $10,133,000 after purchasing an additional 5,734 shares in the last quarter. Jane Street Group LLC grew its position in Virtus Investment Partners by 57.4% during the 1st quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock worth $2,679,000 after purchasing an additional 5,671 shares in the last quarter. Intech Investment Management LLC grew its position in Virtus Investment Partners by 20.8% during the 1st quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock worth $1,135,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Virtus Investment Partners by 26.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,776 shares of the closed-end fund’s stock worth $2,136,000 after acquiring an additional 2,429 shares during the last quarter. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

About Virtus Investment Partners

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.