Virtus Investment Partners (NASDAQ:VRTS) Sets New 12-Month Low – Should You Sell?

Virtus Investment Partners, Inc. (NASDAQ:VRTS)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $134.81 and last traded at $137.72, with a volume of 91700 shares. The stock had previously closed at $139.72.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Cowen reduced their price target on Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a research report on Wednesday, January 14th. Piper Sandler reduced their target price on Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Barclays restated an “underweight” rating and issued a $142.00 price objective on shares of Virtus Investment Partners in a report on Monday, February 9th. Zacks Research raised Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Morgan Stanley lowered their target price on Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $169.00.

Virtus Investment Partners Stock Up 0.4%

The company has a 50 day moving average price of $162.29 and a 200-day moving average price of $175.02. The stock has a market capitalization of $935.59 million, a PE ratio of 8.20 and a beta of 1.47. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Saturday, January 31st were paid a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, January 30th. Virtus Investment Partners’s dividend payout ratio is presently 48.02%.

Institutional Investors Weigh In On Virtus Investment Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Virtus Investment Partners by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock valued at $681,000 after acquiring an additional 103 shares during the last quarter. Millennium Management LLC increased its position in shares of Virtus Investment Partners by 10.8% during the first quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock worth $10,133,000 after acquiring an additional 5,734 shares during the period. Jane Street Group LLC increased its holdings in Virtus Investment Partners by 57.4% in the first quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock valued at $2,679,000 after buying an additional 5,671 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Virtus Investment Partners by 20.8% in the 1st quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock valued at $1,135,000 after buying an additional 1,134 shares in the last quarter. Finally, CWM LLC lifted its stake in Virtus Investment Partners by 910.9% in the second quarter. CWM LLC now owns 2,133 shares of the closed-end fund’s stock valued at $387,000 after buying an additional 1,922 shares during the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

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.