CenterBook Partners LP Boosts Position in Virtus Investment Partners, Inc. $VRTS

CenterBook Partners LP lifted its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 261.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,054 shares of the closed-end fund’s stock after purchasing an additional 10,170 shares during the quarter. CenterBook Partners LP’s holdings in Virtus Investment Partners were worth $2,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC lifted its position in Virtus Investment Partners by 224.8% in the third quarter. AlphaQuest LLC now owns 10,944 shares of the closed-end fund’s stock valued at $2,080,000 after buying an additional 7,575 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Virtus Investment Partners by 2,043.0% during the third quarter. Teacher Retirement System of Texas now owns 26,059 shares of the closed-end fund’s stock valued at $4,952,000 after acquiring an additional 24,843 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Virtus Investment Partners during the second quarter valued at about $450,000. Villanova Investment Management Co LLC raised its stake in shares of Virtus Investment Partners by 167.2% in the 2nd quarter. Villanova Investment Management Co LLC now owns 10,516 shares of the closed-end fund’s stock valued at $1,908,000 after acquiring an additional 6,580 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Virtus Investment Partners by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 154,982 shares of the closed-end fund’s stock worth $28,115,000 after acquiring an additional 961 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRTS has been the subject of several research reports. Morgan Stanley dropped their target price on shares of Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating for the company in a report on Tuesday, February 3rd. Barclays reaffirmed an “underweight” rating and issued a $142.00 price objective on shares of Virtus Investment Partners in a research note on Monday, February 9th. Zacks Research raised Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Piper Sandler lowered their target price on Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, TD Cowen reduced their price target on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a research report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Virtus Investment Partners has an average rating of “Reduce” and a consensus target price of $169.00.

Virtus Investment Partners Trading Up 3.8%

NASDAQ VRTS opened at $146.98 on Friday. Virtus Investment Partners, Inc. has a 52 week low of $134.81 and a 52 week high of $215.06. The firm has a 50 day moving average of $160.50 and a two-hundred day moving average of $173.69. The stock has a market capitalization of $992.67 million, a PE ratio of 8.70 and a beta of 1.47. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27.

Virtus Investment Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Saturday, January 31st were issued a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Friday, January 30th. Virtus Investment Partners’s payout ratio is 48.02%.

Virtus Investment Partners Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.