Rhumbline Advisers Has $4.74 Million Stock Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Rhumbline Advisers lessened its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 0.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,483 shares of the closed-end fund’s stock after selling 59 shares during the quarter. Rhumbline Advisers’ holdings in Virtus Investment Partners were worth $4,739,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Virtus Investment Partners by 138.3% during the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock valued at $72,000 after purchasing an additional 184 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Virtus Investment Partners by 11.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,085 shares of the closed-end fund’s stock valued at $849,000 after purchasing an additional 408 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Virtus Investment Partners by 11.9% during the 3rd quarter. QRG Capital Management Inc. now owns 1,174 shares of the closed-end fund’s stock worth $246,000 after buying an additional 125 shares during the last quarter. Meritage Portfolio Management boosted its holdings in shares of Virtus Investment Partners by 36.1% during the 3rd quarter. Meritage Portfolio Management now owns 22,321 shares of the closed-end fund’s stock worth $4,675,000 after buying an additional 5,919 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of Virtus Investment Partners by 4.0% during the 3rd quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund’s stock worth $23,670,000 after buying an additional 4,359 shares during the period. 80.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VRTS shares. StockNews.com lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Barclays reduced their target price on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. Piper Sandler lowered their price target on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Morgan Stanley cut their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $225.75.

Virtus Investment Partners Stock Performance

Shares of VRTS stock opened at $183.11 on Friday. The stock has a market capitalization of $1.29 billion, a PE ratio of 10.84 and a beta of 1.47. The business’s 50 day simple moving average is $204.09 and its 200 day simple moving average is $214.44. 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, Inc. has a one year low of $179.38 and a one year high of $263.39.

Virtus Investment Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors 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 dividend yield of 4.92%. Virtus Investment Partners’s payout ratio is presently 53.25%.

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.