2,607 Shares in Virtus Investment Partners, Inc. (NASDAQ:VRTS) Bought by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,607 shares of the closed-end fund's stock, valued at approximately $575,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Asset Management One Co. Ltd. grew its stake in Virtus Investment Partners by 2,902.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,423 shares of the closed-end fund's stock worth $763,000 after purchasing an additional 3,309 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Virtus Investment Partners by 17.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,818 shares of the closed-end fund's stock worth $1,074,000 after purchasing an additional 733 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Virtus Investment Partners by 2.6% during the third quarter. JPMorgan Chase & Co. now owns 145,386 shares of the closed-end fund's stock valued at $30,451,000 after purchasing an additional 3,651 shares in the last quarter. Private Client Services LLC purchased a new stake in Virtus Investment Partners in the fourth quarter worth about $799,000. Finally, Barclays PLC grew its stake in shares of Virtus Investment Partners by 204.9% during the 3rd quarter. Barclays PLC now owns 14,119 shares of the closed-end fund's stock valued at $2,957,000 after acquiring an additional 9,488 shares during the period. Hedge funds and other institutional investors own 80.52% of the company's stock.

Virtus Investment Partners Trading Up 1.2 %

NASDAQ:VRTS traded up $1.87 on Wednesday, reaching $161.49. The stock had a trading volume of 4,041 shares, compared to its average volume of 40,058. The firm's fifty day moving average is $164.46 and its two-hundred day moving average is $199.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 9.52 and a beta of 1.47. Virtus Investment Partners, Inc. has a 12-month low of $142.18 and a 12-month high of $252.82.

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last posted its quarterly 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. Virtus Investment Partners had a return on equity of 21.56% and a net margin of 13.42%. The business had revenue of $217.93 million during the quarter, compared to the consensus estimate of $201.99 million. During the same period last year, the firm earned $5.41 earnings per share. Equities analysts expect that Virtus Investment Partners, Inc. will post 27.7 EPS for the current fiscal year.

Virtus Investment Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Wednesday, April 30th. Virtus Investment Partners's dividend payout ratio is presently 53.41%.

Analyst Ratings Changes

VRTS has been the topic of several research analyst reports. StockNews.com downgraded shares of Virtus Investment Partners from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Barclays set a $150.00 price objective on shares of Virtus Investment Partners and gave the stock an "underweight" rating in a research note on Monday, April 28th. TD Cowen cut their price target on Virtus Investment Partners from $220.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley lifted 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. Finally, Piper Sandler cut their price objective on Virtus Investment Partners from $216.00 to $211.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average 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.