Rhumbline Advisers Sells 59 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Rhumbline Advisers decreased its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,483 shares of the closed-end fund’s stock after selling 59 shares during the quarter. Rhumbline Advisers owned 0.31% of Virtus Investment Partners worth $4,739,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP raised its stake in shares of Virtus Investment Partners by 388.5% in the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after acquiring an additional 101 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Virtus Investment Partners by 11.9% in the third quarter. QRG Capital Management Inc. now owns 1,174 shares of the closed-end fund’s stock valued at $246,000 after purchasing an additional 125 shares in the last quarter. KBC Group NV raised its position in Virtus Investment Partners by 61.2% in the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock worth $87,000 after purchasing an additional 150 shares during the last quarter. Blue Trust Inc. lifted its holdings in Virtus Investment Partners by 138.3% during the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock worth $72,000 after buying an additional 184 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Virtus Investment Partners by 21.5% in the 3rd quarter. HighTower Advisors LLC now owns 1,157 shares of the closed-end fund’s stock valued at $242,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Stock Performance

Shares of VRTS stock opened at $183.11 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of 10.84 and a beta of 1.47. The stock has a 50-day moving average of $204.09 and a 200-day moving average of $214.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. Virtus Investment Partners, Inc. has a one year low of $179.38 and a one year high of $263.39.

Virtus Investment Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.92%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 53.25%.

Wall Street Analysts Forecast Growth

VRTS has been the subject of a number of recent research reports. StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Piper Sandler dropped their price target on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Barclays cut their price objective on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. Finally, Morgan Stanley lowered their target price on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $225.75.

About Virtus Investment Partners

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.