Nisa Investment Advisors LLC Sells 100 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Nisa Investment Advisors LLC decreased its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS – Get Rating) by 28.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250 shares of the closed-end fund’s stock after selling 100 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Virtus Investment Partners were worth $60,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alterna Wealth Management Inc. bought a new stake in Virtus Investment Partners during the 4th quarter valued at about $206,000. Versor Investments LP bought a new stake in Virtus Investment Partners during the 4th quarter valued at about $213,000. Raymond James Trust N.A. bought a new stake in shares of Virtus Investment Partners in the 4th quarter valued at about $220,000. Cooper Creek Partners Management LLC bought a new stake in shares of Virtus Investment Partners in the 4th quarter valued at about $240,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Virtus Investment Partners by 100.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 828 shares of the closed-end fund’s stock valued at $199,000 after purchasing an additional 415 shares in the last quarter. Institutional investors own 85.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of Virtus Investment Partners from $155.00 to $159.00 and gave the company an “underweight” rating in a report on Monday, July 25th. StockNews.com lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Sunday, May 8th. Finally, Piper Sandler reduced their price target on shares of Virtus Investment Partners from $289.00 to $268.00 and set an “overweight” rating for the company in a report on Friday, July 15th.

Insider Buying and Selling

In related news, Director W Howard Morris sold 151 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $192.09, for a total transaction of $29,005.59. Following the completion of the transaction, the director now owns 738 shares in the company, valued at approximately $141,762.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.30% of the stock is currently owned by company insiders.

Virtus Investment Partners Stock Up 1.9 %

NASDAQ VRTS opened at $206.32 on Friday. The firm has a market cap of $1.54 billion, a PE ratio of 8.02 and a beta of 1.63. The company has a 50 day moving average price of $183.70 and a 200 day moving average price of $211.40. Virtus Investment Partners, Inc. has a 52 week low of $161.30 and a 52 week high of $338.80.

Virtus Investment Partners (NASDAQ:VRTS – Get Rating) last posted its quarterly earnings data on Friday, July 29th. The closed-end fund reported $6.86 EPS for the quarter, missing the consensus estimate of $7.06 by ($0.20). The firm had revenue of $199.03 million for the quarter, compared to the consensus estimate of $200.87 million. Virtus Investment Partners had a return on equity of 35.94% and a net margin of 20.16%. On average, equities research analysts anticipate that Virtus Investment Partners, Inc. will post 28.33 earnings per share for the current fiscal year.

Virtus Investment Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be paid a dividend of $1.50 per share. The ex-dividend date is Thursday, July 28th. This represents a $6.00 annualized dividend and a dividend yield of 2.91%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 23.32%.

Virtus Investment Partners Company Profile

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Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.