GAMMA Investing LLC Has $1.19 Million Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

GAMMA Investing LLC raised its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 8,517.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,894 shares of the closed-end fund's stock after acquiring an additional 6,814 shares during the period. GAMMA Investing LLC owned about 0.10% of Virtus Investment Partners worth $1,188,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VRTS. Mackenzie Financial Corp raised its stake in shares of Virtus Investment Partners by 174.7% in the fourth quarter. Mackenzie Financial Corp now owns 3,511 shares of the closed-end fund's stock valued at $774,000 after purchasing an additional 2,233 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Virtus Investment Partners by 5.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,329 shares of the closed-end fund's stock valued at $3,822,000 after buying an additional 913 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Virtus Investment Partners by 23.0% in the 4th quarter. Voloridge Investment Management LLC now owns 2,831 shares of the closed-end fund's stock valued at $624,000 after buying an additional 529 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Virtus Investment Partners by 4.5% during the 4th quarter. Vident Advisory LLC now owns 4,057 shares of the closed-end fund's stock worth $895,000 after acquiring an additional 175 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of Virtus Investment Partners by 8.5% during the 4th quarter. Two Sigma Advisers LP now owns 7,700 shares of the closed-end fund's stock worth $1,698,000 after acquiring an additional 600 shares during the period. Institutional investors own 80.52% of the company's stock.

Virtus Investment Partners Price Performance

NASDAQ:VRTS traded up $1.83 on Thursday, reaching $173.46. The stock had a trading volume of 77,403 shares, compared to its average volume of 44,363. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.20 billion, a P/E ratio of 10.26 and a beta of 1.45. Virtus Investment Partners, Inc. has a 1-year low of $142.18 and a 1-year high of $252.82. The stock has a fifty day moving average price of $164.87 and a 200-day moving average price of $186.94.

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last announced its earnings results on Friday, April 25th. The closed-end fund reported $5.73 EPS for the quarter, topping the consensus estimate of $5.68 by $0.05. The business had revenue of $217.93 million for the quarter, compared to the consensus estimate of $201.99 million. Virtus Investment Partners had a return on equity of 21.56% and a net margin of 13.42%. During the same period in the previous year, the business earned $5.41 EPS. Research analysts forecast that Virtus Investment Partners, Inc. will post 27.7 EPS for the current year.

Virtus Investment Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Thursday, July 31st. Virtus Investment Partners's dividend payout ratio is currently 53.41%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VRTS. Wall Street Zen raised shares of Virtus Investment Partners from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. TD Cowen lowered their price objective on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler dropped their target price on Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Barclays set a $150.00 target price on Virtus Investment Partners and gave the stock an "underweight" rating in a research report on Monday, April 28th. Finally, Morgan Stanley upped their price target on Virtus Investment Partners from $149.00 to $152.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $167.75.

Virtus Investment Partners 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.