Virtus Investment Partners, Inc. (NASDAQ:VRTS – Get Free Report) Director W. Morris sold 435 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $138.59, for a total transaction of $60,286.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Virtus Investment Partners Stock Down 1.5%
Shares of VRTS opened at $128.82 on Friday. Virtus Investment Partners, Inc. has a 12 month low of $121.61 and a 12 month high of $195.25. The firm’s 50 day moving average is $161.66 and its 200-day moving average is $147.53. The stock has a market capitalization of $853.17 million, a PE ratio of 7.62 and a beta of 1.35. 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 Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a dividend of $2.45 per share. This is a boost from Virtus Investment Partners’s previous quarterly dividend of $2.40. The ex-dividend date is Friday, October 30th. This represents a $9.80 dividend on an annualized basis and a yield of 7.6%. Virtus Investment Partners’s dividend payout ratio is 55.84%.
Wall Street Analyst Weigh In
View Our Latest Research Report on VRTS
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in Virtus Investment Partners during the 1st quarter worth approximately $26,000. IFP Advisors Inc increased its position in Virtus Investment Partners by 158.6% in the 2nd quarter. IFP Advisors Inc now owns 181 shares of the closed-end fund’s stock valued at $26,000 after acquiring an additional 111 shares during the period. Caitlin John LLC bought a new position in shares of Virtus Investment Partners during the second quarter valued at $35,000. Assetmark Inc. bought a new position in shares of Virtus Investment Partners during the first quarter valued at $36,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Virtus Investment Partners by 86.2% during the second quarter. GAMMA Investing LLC now owns 270 shares of the closed-end fund’s stock worth $39,000 after purchasing an additional 125 shares during the period. 80.52% of the stock is currently owned by institutional investors and hedge funds.
Virtus Investment Partners Company Profile
Virtus Investment Partners, Inc is an asset management company that operates through a multi-boutique platform of affiliated investment managers. The company provides investment strategies across a range of asset classes, including equities, fixed income, alternatives and multi-asset portfolios.
Its products and services include mutual funds, exchange-traded funds, closed-end funds, variable insurance funds, separately managed accounts and institutional investment strategies. Virtus distributes its offerings through financial advisors, broker-dealers, retirement platforms and other intermediaries, while also serving institutional investors and individual clients.
The company was established as an independent public asset manager in 2008 following its separation from The Phoenix Companies, continuing the investment management business formerly associated with Phoenix Investment Partners.
Featured Articles
- Five stocks we like better than Virtus Investment Partners
- Aeluma’s Selloff Could Be Setting Up Its Next Big Move
- Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
- The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
- The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
Receive News & Ratings for Virtus Investment Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners and related companies with MarketBeat.com's FREE daily email newsletter.
