Virtus Investment Partners, Inc. $VRTS Stake Cut by CenterBook Partners LP

CenterBook Partners LP lessened its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 55.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,248 shares of the closed-end fund’s stock after selling 7,806 shares during the quarter. CenterBook Partners LP owned approximately 0.09% of Virtus Investment Partners worth $1,019,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its position in shares of Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock worth $57,000 after buying an additional 150 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Virtus Investment Partners by 24.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock valued at $81,000 after buying an additional 97 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Virtus Investment Partners during the 2nd quarter valued at about $147,000. MQS Management LLC acquired a new stake in Virtus Investment Partners during the fourth quarter worth about $207,000. Finally, Oxford Asset Management LLP acquired a new stake in Virtus Investment Partners during the second quarter worth about $217,000. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Trading Down 2.9%

Shares of NASDAQ:VRTS opened at $141.02 on Thursday. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $140.60 and its 200 day moving average price is $148.50. The company has a market cap of $942.28 million, a PE ratio of 8.34 and a beta of 1.38. Virtus Investment Partners, Inc. has a fifty-two week low of $121.61 and a fifty-two week high of $215.06.

Virtus Investment Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $2.40 per share. The ex-dividend date is Friday, July 31st. This represents a $9.60 annualized dividend and a dividend yield of 6.8%. Virtus Investment Partners’s payout ratio is currently 56.50%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VRTS shares. TD Cowen decreased their target price on Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Barclays dropped their price target on Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. Morgan Stanley cut their price target on Virtus Investment Partners from $128.00 to $112.00 and set an “underweight” rating on the stock in a report on Tuesday, May 19th. Finally, Piper Sandler reduced their price objective on Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Virtus Investment Partners presently has an average rating of “Reduce” and a consensus price target of $134.50.

About Virtus Investment Partners

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.