Virtus Investment Partners, Inc. (NASDAQ:VRTS) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P increased its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,395 shares of the closed-end fund's stock after buying an additional 2,651 shares during the quarter. Martingale Asset Management L P owned about 0.18% of Virtus Investment Partners worth $2,734,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB raised its stake in shares of Virtus Investment Partners by 8.3% during the fourth quarter. Handelsbanken Fonder AB now owns 1,300 shares of the closed-end fund's stock worth $287,000 after buying an additional 100 shares during the last quarter. Quarry LP lifted its stake in Virtus Investment Partners by 388.5% in the third quarter. Quarry LP now owns 127 shares of the closed-end fund's stock valued at $27,000 after buying an additional 101 shares during the period. Smartleaf Asset Management LLC grew its holdings in Virtus Investment Partners by 170.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund's stock worth $44,000 after buying an additional 126 shares in the last quarter. KBC Group NV raised its stake 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 valued at $87,000 after acquiring an additional 150 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of Virtus Investment Partners by 21.5% during the third quarter. HighTower Advisors LLC now owns 1,157 shares of the closed-end fund's stock worth $242,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company's stock.

Analysts Set New Price Targets

VRTS has been the topic of a number of research analyst reports. Piper Sandler lowered their price objective on shares of Virtus Investment Partners from $252.00 to $216.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. TD Cowen dropped their price target on shares of 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. Morgan Stanley reduced their price target on shares of Virtus Investment Partners from $211.00 to $198.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. StockNews.com upgraded Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, Barclays lowered their price target on Virtus Investment Partners from $200.00 to $149.00 and set an "underweight" rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $180.25.

Virtus Investment Partners Stock Down 3.3 %

Shares of Virtus Investment Partners stock traded down $5.15 during trading hours on Wednesday, reaching $148.82. The company's stock had a trading volume of 13,180 shares, compared to its average volume of 40,329. Virtus Investment Partners, Inc. has a one year low of $144.13 and a one year high of $252.82. The stock's fifty day simple moving average is $173.72 and its two-hundred day simple moving average is $205.41. The company has a market capitalization of $1.03 billion, a P/E ratio of 8.81 and a beta of 1.36. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend is Wednesday, April 30th. Virtus Investment Partners's payout ratio is currently 53.25%.

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.