Arrowstreet Capital Limited Partnership Makes New $1.01 Million Investment in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Arrowstreet Capital Limited Partnership purchased a new stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,599 shares of the closed-end fund’s stock, valued at approximately $1,014,000. Arrowstreet Capital Limited Partnership owned 0.07% of Virtus Investment Partners at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VRTS. HighTower Advisors LLC raised its stake in Virtus Investment Partners by 21.5% during the 3rd quarter. HighTower Advisors LLC now owns 1,157 shares of the closed-end fund’s stock valued at $242,000 after acquiring an additional 205 shares in the last quarter. Quarry LP increased its holdings in shares of Virtus Investment Partners by 388.5% during the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after purchasing an additional 101 shares during the period. Jane Street Group LLC raised its stake in shares of Virtus Investment Partners by 592.0% during the third quarter. Jane Street Group LLC now owns 9,218 shares of the closed-end fund’s stock valued at $1,931,000 after purchasing an additional 7,886 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Virtus Investment Partners by 59.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 2,223 shares of the closed-end fund’s stock worth $466,000 after purchasing an additional 828 shares during the period. Finally, Barclays PLC grew its position in Virtus Investment Partners by 204.9% in the 3rd quarter. Barclays PLC now owns 14,119 shares of the closed-end fund’s stock valued at $2,957,000 after buying an additional 9,488 shares in the last quarter. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Stock Performance

VRTS opened at $150.43 on Friday. 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 $1.04 billion, a PE ratio of 8.90 and a beta of 1.36. The business has a fifty day simple moving average of $176.18 and a 200-day simple moving average of $206.53. Virtus Investment Partners, Inc. has a fifty-two week low of $144.13 and a fifty-two week high of $252.82.

Virtus Investment Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a $2.25 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 5.98%. Virtus Investment Partners’s dividend payout ratio (DPR) is 53.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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. StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Barclays lowered their price target on Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. TD Cowen cut their price objective on Virtus Investment Partners from $220.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Piper Sandler lowered their target price on Virtus Investment Partners from $252.00 to $216.00 and set an “overweight” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $193.00.

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.