Virtus Investment Partners, Inc. (NASDAQ:VRTS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 9.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,002 shares of the closed-end fund’s stock after selling 100 shares during the period. Mutual of America Capital Management LLC’s holdings in Virtus Investment Partners were worth $210,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in shares of Virtus Investment Partners by 3.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,377 shares of the closed-end fund’s stock valued at $537,000 after acquiring an additional 73 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Virtus Investment Partners by 2.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,717 shares of the closed-end fund’s stock worth $839,000 after buying an additional 85 shares during the last quarter. Tidal Investments LLC boosted its holdings in Virtus Investment Partners by 9.4% in the 1st quarter. Tidal Investments LLC now owns 1,048 shares of the closed-end fund’s stock worth $260,000 after buying an additional 90 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Virtus Investment Partners by 3.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 3,400 shares of the closed-end fund’s stock worth $768,000 after buying an additional 100 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Virtus Investment Partners by 7.2% in the 2nd quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund’s stock worth $412,000 after buying an additional 124 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Virtus Investment Partners Trading Up 0.0 %

VRTS opened at $246.97 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The company’s 50 day simple moving average is $222.95 and its two-hundred day simple moving average is $220.20. Virtus Investment Partners, Inc. has a 1-year low of $190.42 and a 1-year high of $263.39. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 15.01 and a beta of 1.45.

Analyst Ratings Changes

VRTS has been the topic of several research analyst reports. StockNews.com cut Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Barclays initiated coverage on Virtus Investment Partners in a report on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price objective on the stock. Piper Sandler lifted their price objective on Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, 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 report on Friday, October 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Virtus Investment Partners currently has an average rating of “Hold” and an average target price of $236.00.

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.