Huber Capital Management LLC reduced its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS – Free Report) by 27.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,507 shares of the closed-end fund’s stock after selling 3,961 shares during the quarter. Huber Capital Management LLC’s holdings in Virtus Investment Partners were worth $1,714,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRTS. Victory Capital Management Inc. grew its position in Virtus Investment Partners by 109.4% during the third quarter. Victory Capital Management Inc. now owns 229,357 shares of the closed-end fund’s stock worth $43,585,000 after buying an additional 119,802 shares during the period. Two Sigma Investments LP grew its position in Virtus Investment Partners by 574.8% during the third quarter. Two Sigma Investments LP now owns 46,059 shares of the closed-end fund’s stock worth $8,753,000 after buying an additional 39,233 shares during the period. Goldman Sachs Group Inc. grew its position in Virtus Investment Partners by 101.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 77,937 shares of the closed-end fund’s stock worth $12,715,000 after buying an additional 39,188 shares during the period. American Century Companies Inc. grew its position in Virtus Investment Partners by 23.8% during the third quarter. American Century Companies Inc. now owns 155,881 shares of the closed-end fund’s stock worth $29,622,000 after buying an additional 29,919 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Virtus Investment Partners by 220.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 37,737 shares of the closed-end fund’s stock worth $7,171,000 after buying an additional 25,961 shares during the period. 80.52% of the stock is currently owned by institutional investors and hedge funds.
Virtus Investment Partners Stock Performance
Shares of VRTS opened at $145.30 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The company has a market capitalization of $970.92 million, a price-to-earnings ratio of 8.60 and a beta of 1.38. The company’s 50 day simple moving average is $141.05 and its 200 day simple moving average is $148.37. Virtus Investment Partners, Inc. has a 1 year low of $121.61 and a 1 year high of $215.06.
Virtus Investment Partners Dividend Announcement
Wall Street Analysts Forecast Growth
VRTS has been the topic of several recent analyst reports. Barclays lowered their target price on shares of Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. Piper Sandler lowered their target price on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Morgan Stanley lowered their target price on shares of Virtus Investment Partners from $128.00 to $112.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 19th. Finally, TD Cowen lowered their target price on shares of Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Virtus Investment Partners presently has an average rating of “Reduce” and a consensus target price of $134.50.
Check Out Our Latest Report on VRTS
Virtus Investment Partners Profile
Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.
The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.
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