Virtus Investment Partners, Inc. $VRTS Shares Bought by CenterBook Partners LP

CenterBook Partners LP boosted its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 261.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,054 shares of the closed-end fund’s stock after purchasing an additional 10,170 shares during the period. CenterBook Partners LP owned approximately 0.21% of Virtus Investment Partners worth $2,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Y Intercept Hong Kong Ltd grew its holdings in Virtus Investment Partners by 1.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 4,670 shares of the closed-end fund’s stock worth $887,000 after acquiring an additional 67 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Virtus Investment Partners by 5.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,668 shares of the closed-end fund’s stock valued at $303,000 after purchasing an additional 89 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Virtus Investment Partners by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock worth $681,000 after buying an additional 103 shares in the last quarter. Osaic Holdings Inc. grew its position in Virtus Investment Partners by 90.4% during the second quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock valued at $57,000 after buying an additional 150 shares during the period. Finally, NBT Bank N A NY increased its holdings in Virtus Investment Partners by 1,483.3% in the third quarter. NBT Bank N A NY now owns 190 shares of the closed-end fund’s stock valued at $36,000 after buying an additional 178 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Trading Up 3.8%

Shares of VRTS opened at $146.98 on Friday. Virtus Investment Partners, Inc. has a 52-week low of $134.81 and a 52-week high of $215.06. The stock has a market cap of $992.67 million, a PE ratio of 8.70 and a beta of 1.47. The firm’s fifty day moving average is $160.50 and its two-hundred day moving average is $173.69. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27.

Virtus Investment Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Saturday, January 31st were given a dividend of $2.40 per share. The ex-dividend date was Friday, January 30th. This represents a $9.60 dividend on an annualized basis and a yield of 6.5%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 48.02%.

Wall Street Analysts Forecast Growth

VRTS has been the topic of several recent analyst reports. Barclays reissued an “underweight” rating and set a $142.00 target price on shares of Virtus Investment Partners in a research note on Monday, February 9th. Morgan Stanley lowered their price target on Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 3rd. TD Cowen dropped their price objective on Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a report on Wednesday, January 14th. Piper Sandler cut their price objective on Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Virtus Investment Partners currently has a consensus rating of “Reduce” and a consensus target price of $169.00.

Virtus Investment Partners Company Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.