Amalgamated Bank Reduces Stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Amalgamated Bank decreased its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 3.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,979 shares of the closed-end fund’s stock after selling 70 shares during the period. Amalgamated Bank’s holdings in Virtus Investment Partners were worth $415,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cetera Advisors LLC acquired a new stake in Virtus Investment Partners in the 1st quarter valued at about $657,000. Russell Investments Group Ltd. lifted its stake in Virtus Investment Partners by 80.6% in the 1st quarter. Russell Investments Group Ltd. now owns 13,918 shares of the closed-end fund’s stock valued at $3,451,000 after buying an additional 6,213 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in Virtus Investment Partners during the 1st quarter valued at $517,000. Quadrature Capital Ltd increased its position in Virtus Investment Partners by 80.2% during the first quarter. Quadrature Capital Ltd now owns 23,506 shares of the closed-end fund’s stock worth $5,825,000 after buying an additional 10,461 shares in the last quarter. Finally, Quest Partners LLC lifted its position in shares of Virtus Investment Partners by 183.0% in the second quarter. Quest Partners LLC now owns 8,287 shares of the closed-end fund’s stock valued at $1,872,000 after acquiring an additional 5,359 shares in the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on VRTS. Morgan Stanley lifted their price objective on Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Barclays began coverage on shares of Virtus Investment Partners in a report on Tuesday, August 27th. They set an “underweight” rating and a $206.00 price target for the company. Finally, StockNews.com raised shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $233.50.

Virtus Investment Partners Trading Down 1.5 %

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

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.