Virtus Investment Partners, Inc. (VRTS) Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers grew its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,658 shares of the closed-end fund’s stock after purchasing an additional 795 shares during the period. Rhumbline Advisers owned approximately 0.23% of Virtus Investment Partners worth $1,933,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRTS. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Virtus Investment Partners by 6.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 1,570 shares of the closed-end fund’s stock valued at $174,000 after acquiring an additional 100 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Virtus Investment Partners in the third quarter valued at approximately $204,000. Aperio Group LLC bought a new position in shares of Virtus Investment Partners in the second quarter valued at approximately $205,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Virtus Investment Partners by 52.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,475 shares of the closed-end fund’s stock valued at $275,000 after acquiring an additional 848 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Virtus Investment Partners by 3.8% in the second quarter. Louisiana State Employees Retirement System now owns 2,700 shares of the closed-end fund’s stock valued at $300,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Shares of Virtus Investment Partners, Inc. (NASDAQ VRTS) opened at $117.75 on Tuesday. Virtus Investment Partners, Inc. has a one year low of $97.60 and a one year high of $128.10. The company has a market cap of $840.35, a P/E ratio of 17.21, a P/E/G ratio of 0.62 and a beta of 1.89.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, October 27th. The closed-end fund reported $2.30 EPS for the quarter, missing the consensus estimate of $2.38 by ($0.08). Virtus Investment Partners had a net margin of 11.64% and a return on equity of 12.75%. The business had revenue of $123.70 million for the quarter, compared to analyst estimates of $116.85 million. During the same period in the prior year, the company earned $1.64 earnings per share. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. research analysts anticipate that Virtus Investment Partners, Inc. will post 7.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.45 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.80 annualized dividend and a dividend yield of 1.53%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 33.58%.

Several research firms have recently issued reports on VRTS. Morgan Stanley set a $121.00 price objective on shares of Virtus Investment Partners and gave the company a “hold” rating in a report on Monday, October 23rd. Barclays increased their price objective on shares of Virtus Investment Partners from $113.00 to $116.00 and gave the company an “equal weight” rating in a report on Tuesday, October 10th. BidaskClub cut shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research lowered shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Saturday, November 18th. Finally, Jefferies Group reissued a “hold” rating and set a $127.00 target price (up from $117.00) on shares of Virtus Investment Partners in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Virtus Investment Partners currently has a consensus rating of “Hold” and an average price target of $130.50.

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Virtus Investment Partners Profile

Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.

Institutional Ownership by Quarter for Virtus Investment Partners (NASDAQ:VRTS)

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