Tudor Investment Corp ET AL cut its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 22.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,831 shares of the closed-end fund’s stock after selling 521 shares during the period. Tudor Investment Corp ET AL’s holdings in Virtus Investment Partners were worth $203,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in shares of Virtus Investment Partners by 83.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,305 shares of the closed-end fund’s stock worth $144,000 after purchasing an additional 595 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Virtus Investment Partners by 14.8% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 1,470 shares of the closed-end fund’s stock worth $156,000 after purchasing an additional 190 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Virtus Investment Partners by 23.9% during the 1st quarter. Mason Street Advisors LLC now owns 1,515 shares of the closed-end fund’s stock worth $160,000 after purchasing an additional 292 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Virtus Investment Partners by 17.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,627 shares of the closed-end fund’s stock worth $172,000 after purchasing an additional 244 shares during the period. Finally, Aperio Group LLC purchased a new position in shares of Virtus Investment Partners during the 2nd quarter worth about $205,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

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Shares of Virtus Investment Partners, Inc. (NASDAQ VRTS) opened at 121.35 on Wednesday. The firm has a 50-day moving average of $113.18 and a 200 day moving average of $109.65. Virtus Investment Partners, Inc. has a 52-week low of $92.80 and a 52-week high of $128.10. The stock has a market capitalization of $875.78 million, a PE ratio of 23.61 and a beta of 1.76.

Virtus Investment Partners (NASDAQ:VRTS) last announced its earnings results on Friday, July 28th. The closed-end fund reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.05). The company had revenue of $94.10 million for the quarter, compared to analysts’ expectations of $91.78 million. Virtus Investment Partners had a return on equity of 11.35% and a net margin of 12.13%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. Equities research analysts forecast that Virtus Investment Partners, Inc. will post $7.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, October 30th. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 35.02%.

VRTS has been the subject of a number of recent analyst reports. Morgan Stanley set a $110.00 price target on shares of Virtus Investment Partners and gave the stock a “hold” rating in a research note on Monday, July 17th. Credit Suisse Group raised shares of Virtus Investment Partners from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $141.00 to $147.00 in a research note on Monday, July 31st. Barclays PLC initiated coverage on shares of Virtus Investment Partners in a research note on Friday, September 8th. They set an “equal weight” rating and a $113.00 price target for the company. BidaskClub raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, ValuEngine cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $129.33.

Virtus Investment Partners Company Profile

Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.

Institutional Ownership by Quarter for Virtus Investment Partners (NASDAQ:VRTS)

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