Barclays Issues Pessimistic Forecast for Virtus Investment Partners (NASDAQ:VRTS) Stock Price

Virtus Investment Partners (NASDAQ:VRTS) had its target price decreased by equities researchers at Barclays from $221.00 to $200.00 in a report issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the closed-end fund’s stock. Barclays‘s target price would indicate a potential upside of 1.62% from the company’s current price.

A number of other brokerages also recently issued reports on VRTS. StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Piper Sandler reduced their price target on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Morgan Stanley lifted their price objective on shares of Virtus Investment Partners from $224.00 to $228.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $233.25.

Virtus Investment Partners Stock Performance

Shares of NASDAQ VRTS traded down $2.69 during midday trading on Monday, reaching $196.82. The company’s stock had a trading volume of 9,338 shares, compared to its average volume of 37,176. The stock has a market capitalization of $1.38 billion, a P/E ratio of 11.63 and a beta of 1.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The firm has a 50 day moving average price of $224.75 and a 200-day moving average price of $218.89. Virtus Investment Partners has a 12-month low of $190.42 and a 12-month high of $263.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP increased its position in shares of Virtus Investment Partners by 388.5% during the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after buying an additional 101 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Virtus Investment Partners during the second quarter valued at approximately $42,000. nVerses Capital LLC bought a new stake in Virtus Investment Partners during the 3rd quarter worth approximately $42,000. Blue Trust Inc. lifted its stake in Virtus Investment Partners by 138.3% in the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock worth $72,000 after purchasing an additional 184 shares in the last quarter. Finally, R Squared Ltd bought a new position in Virtus Investment Partners in the 4th quarter valued at $75,000. 80.52% of the stock is owned by institutional investors.

Virtus Investment Partners Company Profile

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.