Gator Capital Management LLC Sells 4,583 Shares of Virtus Investment Partners, Inc. $VRTS

Gator Capital Management LLC lessened its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,591 shares of the closed-end fund’s stock after selling 4,583 shares during the period. Virtus Investment Partners accounts for about 1.9% of Gator Capital Management LLC’s portfolio, making the stock its 17th biggest position. Gator Capital Management LLC owned about 0.84% of Virtus Investment Partners worth $9,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in VRTS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Virtus Investment Partners by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock worth $681,000 after acquiring an additional 103 shares during the period. Millennium Management LLC increased its stake in Virtus Investment Partners by 10.8% during the 1st quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock worth $10,133,000 after acquiring an additional 5,734 shares during the period. Jane Street Group LLC increased its stake in Virtus Investment Partners by 57.4% during the 1st quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock worth $2,679,000 after acquiring an additional 5,671 shares during the period. Intech Investment Management LLC increased its stake in Virtus Investment Partners by 20.8% during the 1st quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock worth $1,135,000 after acquiring an additional 1,134 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Virtus Investment Partners by 26.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,776 shares of the closed-end fund’s stock worth $2,136,000 after acquiring an additional 2,429 shares during the period. Institutional investors own 80.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays lowered their price objective on Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating on the stock in a research note on Monday, May 4th. Piper Sandler lowered their price objective on Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Morgan Stanley lowered their price objective on Virtus Investment Partners from $128.00 to $112.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 19th. Finally, TD Cowen lowered their price objective on Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Virtus Investment Partners currently has an average rating of “Reduce” and an average price target of $134.50.

Virtus Investment Partners Price Performance

Virtus Investment Partners stock opened at $145.30 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. Virtus Investment Partners, Inc. has a 52 week low of $121.61 and a 52 week high of $215.06. The stock has a market capitalization of $970.92 million, a P/E ratio of 8.60 and a beta of 1.38. The stock has a fifty day moving average of $141.05 and a 200-day moving average of $148.37.

Virtus Investment Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $2.40 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $9.60 dividend on an annualized basis and a dividend yield of 6.6%. Virtus Investment Partners’s payout ratio is 56.50%.

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.