State of Alaska Department of Revenue boosted its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 83.8% during the second quarter, Holdings Channel reports. The institutional investor owned 1,305 shares of the closed-end fund’s stock after buying an additional 595 shares during the period. State of Alaska Department of Revenue’s holdings in Virtus Investment Partners were worth $144,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Virtus Investment Partners during the fourth quarter worth approximately $5,237,000. WCM Investment Management CA increased its stake in shares of Virtus Investment Partners by 5.3% in the first quarter. WCM Investment Management CA now owns 8,369 shares of the closed-end fund’s stock worth $886,000 after buying an additional 425 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Virtus Investment Partners by 18.2% in the first quarter. Louisiana State Employees Retirement System now owns 2,600 shares of the closed-end fund’s stock worth $275,000 after buying an additional 400 shares in the last quarter. Palisade Capital Management LLC NJ purchased a new stake in shares of Virtus Investment Partners during the first quarter worth approximately $291,000. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in shares of Virtus Investment Partners by 6.7% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 10,955 shares of the closed-end fund’s stock worth $1,160,000 after buying an additional 688 shares in the last quarter. 98.32% of the stock is currently owned by institutional investors.

Virtus Investment Partners, Inc. (NASDAQ:VRTS) traded down 3.17% on Thursday, hitting $111.35. 10,958 shares of the company were exchanged. The stock has a market cap of $778.23 million, a PE ratio of 21.67 and a beta of 1.72. Virtus Investment Partners, Inc. has a 52-week low of $87.03 and a 52-week high of $128.10. The firm has a 50 day moving average of $113.61 and a 200-day moving average of $108.77.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings results on Friday, July 28th. The closed-end fund reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by $0.05. The company had revenue of $94.10 million during the quarter, compared to the consensus estimate of $91.78 million. Virtus Investment Partners had a return on equity of 11.81% and a net margin of 12.13%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. On average, equities analysts expect that Virtus Investment Partners, Inc. will post $7.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a $0.45 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.57%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 35.02%.

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A number of equities research analysts have commented on VRTS shares. Zacks Investment Research raised shares of Virtus Investment Partners from a “sell” rating to a “hold” rating and set a $122.00 price objective on the stock in a research report on Friday, April 14th. Jefferies Group LLC set a $110.00 price objective on shares of Virtus Investment Partners and gave the company a “hold” rating in a research report on Sunday, April 30th. Morgan Stanley started coverage on shares of Virtus Investment Partners in a research report on Thursday, June 1st. They issued an “equal weight” rating and a $105.00 price objective on the stock. BidaskClub raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Credit Suisse Group raised shares of Virtus Investment Partners from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $141.00 to $147.00 in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $119.80.

About Virtus Investment Partners

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.

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

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