Virtus Investment Partners (NASDAQ:VRTS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Virtus Investment Partners, Inc. (NASDAQ:VRTS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $148.80 and traded as high as $149.86. Virtus Investment Partners shares last traded at $146.3130, with a volume of 95,050 shares traded.

Wall Street Analyst Weigh In

VRTS has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Virtus Investment Partners from $128.00 to $112.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 19th. Piper Sandler decreased their price target on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. Barclays decreased their price target on shares of Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. Finally, TD Cowen decreased their price target on shares of Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $134.50.

Virtus Investment Partners Stock Down 1.7%

The firm has a market cap of $977.66 million, a price-to-earnings ratio of 8.66 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The business’s 50-day moving average is $139.81 and its 200-day moving average is $148.80.

Virtus Investment Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $2.40 per share. The ex-dividend date is Friday, July 31st. This represents a $9.60 dividend on an annualized basis and a dividend yield of 6.6%. Virtus Investment Partners’s dividend payout ratio (DPR) is 56.50%.

Insider Activity

In other news, Director W Howard Morris bought 2,150 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of $129.34 per share, for a total transaction of $278,081.00. Following the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $258,680. This trade represents a -1,433.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Virtus Investment Partners

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Virtus Investment Partners by 109.4% during the 3rd quarter. Victory Capital Management Inc. now owns 229,357 shares of the closed-end fund’s stock worth $43,585,000 after purchasing an additional 119,802 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Virtus Investment Partners in the 3rd quarter valued at about $3,307,000. CenterBook Partners LP increased its position in Virtus Investment Partners by 261.8% in the 3rd quarter. CenterBook Partners LP now owns 14,054 shares of the closed-end fund’s stock valued at $2,671,000 after acquiring an additional 10,170 shares in the last quarter. American Century Companies Inc. increased its position in Virtus Investment Partners by 23.8% in the 3rd quarter. American Century Companies Inc. now owns 155,881 shares of the closed-end fund’s stock valued at $29,622,000 after acquiring an additional 29,919 shares in the last quarter. Finally, Algert Global LLC increased its position in Virtus Investment Partners by 25.0% in the 3rd quarter. Algert Global LLC now owns 63,473 shares of the closed-end fund’s stock valued at $12,062,000 after acquiring an additional 12,697 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Company Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.