MQS Management LLC Buys Shares of 1,086 Virtus Investment Partners, Inc. (NASDAQ:VRTS)

MQS Management LLC bought a new stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) during the 3rd quarter, Holdings Channel reports. The fund bought 1,086 shares of the closed-end fund’s stock, valued at approximately $227,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in shares of Virtus Investment Partners by 1.0% in the third quarter. Victory Capital Management Inc. now owns 98,626 shares of the closed-end fund’s stock worth $20,657,000 after acquiring an additional 947 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of Virtus Investment Partners by 4.0% in the third quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund’s stock worth $23,670,000 after acquiring an additional 4,359 shares in the last quarter. Meritage Portfolio Management increased its holdings in shares of Virtus Investment Partners by 36.1% in the third quarter. Meritage Portfolio Management now owns 22,321 shares of the closed-end fund’s stock worth $4,675,000 after acquiring an additional 5,919 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Virtus Investment Partners by 11.9% in the third quarter. QRG Capital Management Inc. now owns 1,174 shares of the closed-end fund’s stock worth $246,000 after acquiring an additional 125 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Virtus Investment Partners by 11.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,085 shares of the closed-end fund’s stock worth $849,000 after acquiring an additional 408 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Stock Down 1.5 %

NASDAQ:VRTS opened at $238.00 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 15.18 and a current ratio of 11.86. The company has a market cap of $1.67 billion, a PE ratio of 14.47 and a beta of 1.45. Virtus Investment Partners, Inc. has a 52-week low of $190.42 and a 52-week high of $263.39. The stock has a 50-day simple moving average of $215.06 and a 200 day simple moving average of $219.17.

Analysts Set New Price Targets

VRTS has been the subject of several recent analyst reports. StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays initiated coverage on Virtus Investment Partners in a report on Tuesday, August 27th. They set an “underweight” rating and a $206.00 price objective for the company. Finally, Morgan Stanley increased their price objective on Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a report on Friday, October 18th. Two 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $233.50.

About Virtus Investment Partners

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.