Quantitative Investment Management LLC boosted its holdings in Virtus Investment Partners Inc (NASDAQ:VRTS) by 48.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,900 shares of the closed-end fund’s stock after acquiring an additional 1,600 shares during the quarter. Quantitative Investment Management LLC’s holdings in Virtus Investment Partners were worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VRTS. Crossmark Global Holdings Inc. bought a new position in Virtus Investment Partners in the 3rd quarter worth about $204,000. Cubist Systematic Strategies LLC increased its stake in Virtus Investment Partners by 1,798.9% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 1,804 shares of the closed-end fund’s stock worth $209,000 after acquiring an additional 1,709 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Virtus Investment Partners in the 4th quarter worth about $287,000. Municipal Employees Retirement System of Michigan increased its stake in Virtus Investment Partners by 73.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,720 shares of the closed-end fund’s stock worth $316,000 after acquiring an additional 1,150 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Virtus Investment Partners by 45.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,607 shares of the closed-end fund’s stock worth $419,000 after acquiring an additional 1,132 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Virtus Investment Partners Inc (NASDAQ:VRTS) opened at $127.35 on Friday. Virtus Investment Partners Inc has a fifty-two week low of $97.60 and a fifty-two week high of $135.90. The company has a quick ratio of 17.17, a current ratio of 17.17 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $935.85, a PE ratio of 17.01, a PEG ratio of 0.29 and a beta of 1.74.

Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings data on Friday, February 2nd. The closed-end fund reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.18. Virtus Investment Partners had a return on equity of 13.75% and a net margin of 8.70%. The firm had revenue of $128.00 million during the quarter, compared to analysts’ expectations of $127.09 million. During the same period in the prior year, the business earned $1.75 EPS. The company’s revenue for the quarter was up 60.2% compared to the same quarter last year. research analysts anticipate that Virtus Investment Partners Inc will post 12.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, April 27th. Virtus Investment Partners’s payout ratio is currently 45.57%.

A number of equities analysts have weighed in on VRTS shares. TheStreet upgraded Virtus Investment Partners from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. BidaskClub upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Saturday, January 13th. Barclays upped their target price on Virtus Investment Partners from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, February 5th. Finally, Morgan Stanley upped their target price on Virtus Investment Partners from $127.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $140.63.

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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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