Tidal Investments LLC raised its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS – Free Report) by 9.4% during the first quarter, Holdings Channel reports. The institutional investor owned 1,048 shares of the closed-end fund’s stock after buying an additional 90 shares during the period. Tidal Investments LLC’s holdings in Virtus Investment Partners were worth $260,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Signaturefd LLC grew its position in shares of Virtus Investment Partners by 29.2% in the 4th quarter. Signaturefd LLC now owns 221 shares of the closed-end fund’s stock valued at $53,000 after buying an additional 50 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Virtus Investment Partners by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 5,911 shares of the closed-end fund’s stock valued at $1,466,000 after purchasing an additional 76 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Virtus Investment Partners by 6.3% in the 1st quarter. ProShare Advisors LLC now owns 1,377 shares of the closed-end fund’s stock valued at $341,000 after purchasing an additional 81 shares during the period. Bessemer Group Inc. purchased a new position in Virtus Investment Partners during the 1st quarter worth approximately $57,000. Finally, EntryPoint Capital LLC increased its position in Virtus Investment Partners by 625.6% during the first quarter. EntryPoint Capital LLC now owns 312 shares of the closed-end fund’s stock worth $77,000 after buying an additional 269 shares during the period. Hedge funds and other institutional investors own 80.52% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Virtus Investment Partners from $213.00 to $208.00 and set an “underweight” rating on the stock in a research report on Monday, July 29th. TD Cowen dropped their price objective on shares of Virtus Investment Partners from $250.00 to $247.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Finally, Piper Sandler decreased their target price on shares of Virtus Investment Partners from $267.00 to $264.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th.
View Our Latest Stock Analysis on VRTS
Insider Transactions at Virtus Investment Partners
In other Virtus Investment Partners news, EVP Barry M. Mandinach sold 7,886 shares of Virtus Investment Partners stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $234.00, for a total value of $1,845,324.00. Following the sale, the executive vice president now owns 12,418 shares of the company’s stock, valued at approximately $2,905,812. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.10% of the company’s stock.
Virtus Investment Partners Price Performance
Shares of NASDAQ VRTS opened at $197.49 on Friday. The company has a market cap of $1.41 billion, a PE ratio of 11.90 and a beta of 1.46. The stock has a fifty day moving average price of $223.19 and a 200 day moving average price of $230.35. Virtus Investment Partners, Inc. has a 1-year low of $168.78 and a 1-year high of $263.39.
Virtus Investment Partners Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, July 31st. Virtus Investment Partners’s payout ratio is 45.78%.
Virtus Investment Partners Company 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.
Read More
Want to see what other hedge funds are holding VRTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtus Investment Partners, Inc. (NASDAQ:VRTS – Free Report).
Receive News & Ratings for Virtus Investment Partners Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Virtus Investment Partners and related companies with MarketBeat.com’s FREE daily email newsletter.