Virtus Investment Partners (NASDAQ:VRTS) Trading Down 1.1% – Time to Sell?

Virtus Investment Partners, Inc. (NASDAQ:VRTS) shares traded down 1.1% on Tuesday . The company traded as low as $218.30 and last traded at $218.30. 206 shares traded hands during trading, a decline of 100% from the average session volume of 42,473 shares. The stock had previously closed at $220.65.

Wall Street Analyst Weigh In

VRTS has been the topic of several research analyst reports. Piper Sandler boosted their price target on Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Morgan Stanley upped their price objective on shares of Virtus Investment Partners from $224.00 to $228.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Finally, Barclays boosted their target price on shares of Virtus Investment Partners from $212.00 to $239.00 and gave the company an “underweight” rating in a research report on Monday, December 9th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $247.00.

Virtus Investment Partners Trading Down 0.0 %

The firm has a market cap of $1.55 billion, a PE ratio of 13.41 and a beta of 1.46. The company has a 50-day simple moving average of $233.61 and a 200 day simple moving average of $221.22. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Friday, January 31st. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 54.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRTS. Allspring Global Investments Holdings LLC boosted its stake in shares of Virtus Investment Partners by 3.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,377 shares of the closed-end fund’s stock worth $537,000 after acquiring an additional 73 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Virtus Investment Partners by 2.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,717 shares of the closed-end fund’s stock worth $839,000 after purchasing an additional 85 shares during the period. Quarry LP boosted its position in Virtus Investment Partners by 388.5% during the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after purchasing an additional 101 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Virtus Investment Partners by 7.2% in the second quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund’s stock valued at $412,000 after purchasing an additional 124 shares during the period. Finally, QRG Capital Management Inc. increased its position 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 valued at $246,000 after buying an additional 125 shares in the last quarter. Hedge funds and other 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.