StockNews.com Upgrades Virtus Investment Partners (NASDAQ:VRTS) to “Buy”

Virtus Investment Partners (NASDAQ:VRTS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms have also weighed in on VRTS. Morgan Stanley raised their price target on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a research report on Friday, October 18th. Barclays began coverage on Virtus Investment Partners in a research report on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Virtus Investment Partners has a consensus rating of “Hold” and a consensus target price of $233.50.

Virtus Investment Partners Trading Down 0.6 %

Shares of Virtus Investment Partners stock traded down $1.47 during midday trading on Tuesday, reaching $242.58. The company had a trading volume of 33,429 shares, compared to its average volume of 43,313. The stock has a fifty day moving average price of $212.71 and a 200 day moving average price of $218.77. Virtus Investment Partners has a fifty-two week low of $190.42 and a fifty-two week high of $263.39. The firm has a market cap of $1.72 billion, a PE ratio of 14.75 and a beta of 1.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 15.18 and a quick ratio of 15.18.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in shares of Virtus Investment Partners by 6,550.0% in the 2nd quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund’s stock valued at $33,000 after buying an additional 131 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Virtus Investment Partners during the 2nd quarter worth approximately $42,000. nVerses Capital LLC purchased a new stake in Virtus Investment Partners during the 3rd quarter worth approximately $42,000. Bessemer Group Inc. purchased a new position in Virtus Investment Partners in the first quarter worth approximately $57,000. Finally, EntryPoint Capital LLC lifted its stake in Virtus Investment Partners by 625.6% during the first quarter. EntryPoint Capital LLC now owns 312 shares of the closed-end fund’s stock worth $77,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 80.52% of the company’s stock.

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.