Virtus Investment Partners, Inc. (NASDAQ:VRTS) Stock Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,503 shares of the closed-end fund’s stock after selling 89 shares during the period. Yousif Capital Management LLC’s holdings in Virtus Investment Partners were worth $552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Virtus Investment Partners in the 3rd quarter worth approximately $42,000. Blue Trust Inc. lifted its stake in shares of Virtus Investment Partners by 138.3% in the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock worth $72,000 after acquiring an additional 184 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Virtus Investment Partners by 11.1% in the 3rd 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 during the period. QRG Capital Management Inc. lifted its stake in shares of Virtus Investment Partners by 11.9% in the 3rd 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 during the period. Finally, Meritage Portfolio Management lifted its stake in shares of Virtus Investment Partners by 36.1% in the 3rd 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 during the period. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Price Performance

NASDAQ VRTS opened at $186.65 on Monday. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $213.14 and a 200 day simple moving average of $215.54. The company has a market cap of $1.31 billion, a P/E ratio of 11.04 and a beta of 1.47. Virtus Investment Partners, Inc. has a 1 year low of $181.65 and a 1 year high of $263.39.

Virtus Investment Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend was Friday, January 31st. Virtus Investment Partners’s dividend payout ratio is currently 53.25%.

Analysts Set New Price Targets

VRTS has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Barclays cut their target price on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. StockNews.com lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Piper Sandler cut their target price on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $225.75.

Virtus Investment Partners 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.