GSA Capital Partners LLP Lowers Stock Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

GSA Capital Partners LLP reduced its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 51.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,126 shares of the closed-end fund’s stock after selling 1,208 shares during the quarter. GSA Capital Partners LLP’s holdings in Virtus Investment Partners were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC grew its holdings in shares of Virtus Investment Partners by 4.0% during the 3rd quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund’s stock worth $23,670,000 after purchasing an additional 4,359 shares during the period. Meritage Portfolio Management grew its stake in Virtus Investment Partners by 36.1% during the third quarter. Meritage Portfolio Management now owns 22,321 shares of the closed-end fund’s stock worth $4,675,000 after buying an additional 5,919 shares during the period. QRG Capital Management Inc. raised 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 valued at $246,000 after acquiring an additional 125 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Virtus Investment Partners by 11.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,085 shares of the closed-end fund’s stock valued at $849,000 after acquiring an additional 408 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Virtus Investment Partners by 138.3% during the 3rd quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock worth $72,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Price Performance

NASDAQ:VRTS opened at $242.09 on Monday. Virtus Investment Partners, Inc. has a 52-week low of $190.42 and a 52-week high of $263.39. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.70 billion, a P/E ratio of 14.72 and a beta of 1.45. The business’s 50-day moving average price is $219.02 and its 200 day moving average price is $219.60.

Analysts Set New Price Targets

VRTS has been the topic of several analyst reports. Morgan Stanley raised their target price on Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Barclays began coverage on shares of Virtus Investment Partners in a research report on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price target on the stock. Finally, StockNews.com raised Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $233.50.

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.