Y Intercept Hong Kong Ltd Raises Stock Position in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Y Intercept Hong Kong Ltd boosted its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 59.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,223 shares of the closed-end fund’s stock after purchasing an additional 828 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Virtus Investment Partners were worth $466,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of Virtus Investment Partners by 388.5% in the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after purchasing an additional 101 shares during the period. Blue Trust Inc. grew its position in Virtus Investment Partners by 6,550.0% during the second quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund’s stock worth $33,000 after buying an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Virtus Investment Partners in the 2nd quarter worth about $42,000. nVerses Capital LLC purchased a new stake in shares of Virtus Investment Partners in the 3rd quarter valued at about $42,000. Finally, CWM LLC boosted its position in shares of Virtus Investment Partners by 334.1% during the 2nd quarter. CWM LLC now owns 382 shares of the closed-end fund’s stock valued at $86,000 after acquiring an additional 294 shares during the last quarter. 80.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VRTS. StockNews.com cut shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Piper Sandler increased their price target on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays raised their price objective on shares of Virtus Investment Partners from $212.00 to $239.00 and gave the company an “underweight” rating in a research report on Monday, December 9th. Finally, Morgan Stanley raised their price target on Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Virtus Investment Partners presently has an average rating of “Hold” and a consensus price target of $244.25.

Virtus Investment Partners Trading Down 1.2 %

VRTS stock opened at $239.70 on Monday. The company has a market capitalization of $1.68 billion, a PE ratio of 14.57 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. Virtus Investment Partners, Inc. has a one year low of $190.42 and a one year high of $263.39. The company’s 50 day moving average price is $230.83 and its two-hundred day moving average price is $220.98.

Virtus Investment Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 3.75%. Virtus Investment Partners’s payout ratio is presently 54.71%.

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.