Renaissance Technologies LLC Sells 3,372 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Renaissance Technologies LLC decreased its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 70.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,429 shares of the closed-end fund’s stock after selling 3,372 shares during the quarter. Renaissance Technologies LLC’s holdings in Virtus Investment Partners were worth $315,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its position in Virtus Investment Partners by 204.9% during the 3rd quarter. Barclays PLC now owns 14,119 shares of the closed-end fund’s stock worth $2,957,000 after buying an additional 9,488 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Virtus Investment Partners by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 145,386 shares of the closed-end fund’s stock valued at $30,451,000 after acquiring an additional 3,651 shares in the last quarter. Everence Capital Management Inc. bought a new position in Virtus Investment Partners during the fourth quarter worth about $203,000. Private Client Services LLC acquired a new stake in Virtus Investment Partners in the 4th quarter worth about $799,000. Finally, SG Americas Securities LLC bought a new stake in Virtus Investment Partners in the 4th quarter valued at about $375,000. 80.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Piper Sandler cut their target price on Virtus Investment Partners from $216.00 to $211.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Barclays set a $150.00 price target on Virtus Investment Partners and gave the stock an “underweight” rating in a research report on Monday, April 28th. StockNews.com cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Monday, April 28th. Finally, TD Cowen decreased their target price on shares of Virtus Investment Partners from $220.00 to $158.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $179.25.

Virtus Investment Partners Trading Up 0.3 %

Shares of VRTS opened at $159.79 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. Virtus Investment Partners, Inc. has a 52-week low of $142.18 and a 52-week high of $252.82. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 9.45 and a beta of 1.36. The business’s fifty day moving average is $164.92 and its 200-day moving average is $199.69.

Virtus Investment Partners (NASDAQ:VRTS) last posted its earnings results on Friday, April 25th. The closed-end fund reported $5.73 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $0.05. The firm had revenue of $217.93 million during the quarter, compared to analysts’ expectations of $201.99 million. Virtus Investment Partners had a net margin of 13.42% and a return on equity of 21.56%. During the same quarter in the prior year, the business earned $5.41 earnings per share. Equities analysts anticipate that Virtus Investment Partners, Inc. will post 27.7 EPS for the current fiscal year.

Virtus Investment Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 5.63%. Virtus Investment Partners’s payout ratio is presently 53.41%.

Virtus Investment Partners Company Profile

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.