Virtus Investment Partners (NASDAQ:VRTS) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Virtus Investment Partners, Inc. (NASDAQ:VRTS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $146.01 and traded as high as $166.02. Virtus Investment Partners shares last traded at $162.10, with a volume of 142,992 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on VRTS shares. 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 report on Monday, May 4th. Morgan Stanley raised their price target on Virtus Investment Partners from $112.00 to $119.00 and gave the company an “underweight” rating in a research report on Friday, June 26th. Barclays lifted their price target on Virtus Investment Partners from $125.00 to $141.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. Finally, TD Cowen boosted their price objective on shares of Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Virtus Investment Partners has an average rating of “Reduce” and a consensus price target of $144.25.

Virtus Investment Partners Stock Performance

The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $146.85 and its two-hundred day moving average price is $146.01. The firm has a market capitalization of $1.08 billion, a PE ratio of 9.59 and a beta of 1.38.

Virtus Investment Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $2.40 per share. This represents a $9.60 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, July 31st. Virtus Investment Partners’s dividend payout ratio is 56.50%.

Institutional Trading of Virtus Investment Partners

A number of large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in Virtus Investment Partners during the 1st quarter worth about $26,000. Assetmark Inc. purchased a new position in Virtus Investment Partners in the 1st quarter valued at about $36,000. GAMMA Investing LLC lifted its holdings in Virtus Investment Partners by 86.2% in the 2nd quarter. GAMMA Investing LLC now owns 270 shares of the closed-end fund’s stock valued at $39,000 after purchasing an additional 125 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its stake in shares of Virtus Investment Partners by 269.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 307 shares of the closed-end fund’s stock worth $50,000 after purchasing an additional 224 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Virtus Investment Partners by 90.4% during the second quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock worth $57,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Company 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.