AlphaQuest LLC Sells 2,588 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

AlphaQuest LLC decreased its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 27.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,967 shares of the closed-end fund’s stock after selling 2,588 shares during the period. AlphaQuest LLC owned 0.10% of Virtus Investment Partners worth $1,537,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its holdings in Virtus Investment Partners by 388.5% in the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after purchasing an additional 101 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Virtus Investment Partners by 170.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund’s stock valued at $44,000 after purchasing an additional 126 shares during the period. R Squared Ltd bought a new stake in Virtus Investment Partners in the 4th quarter valued at about $75,000. KBC Group NV boosted its holdings in Virtus Investment Partners by 61.2% in the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock valued at $87,000 after purchasing an additional 150 shares during the period. Finally, Point72 DIFC Ltd boosted its holdings in Virtus Investment Partners by 57.2% in the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock valued at $128,000 after purchasing an additional 222 shares during the period. Institutional investors own 80.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VRTS shares. Morgan Stanley cut their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Barclays cut their price target on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. StockNews.com raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Finally, Piper Sandler cut 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 report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Virtus Investment Partners currently has an average rating of “Hold” and a consensus price target of $225.75.

Virtus Investment Partners Stock Performance

Shares of Virtus Investment Partners stock opened at $182.37 on Monday. The company has a 50 day moving average of $198.51 and a 200-day moving average of $213.35. The company has a market cap of $1.27 billion, a PE ratio of 10.79 and a beta of 1.49. Virtus Investment Partners, Inc. has a 1-year low of $175.01 and a 1-year high of $263.39. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27.

Virtus Investment Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Wednesday, April 30th. Virtus Investment Partners’s dividend payout ratio is 53.25%.

Virtus Investment Partners 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.