Virtus Investment Partners (NASDAQ:VRTS) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Virtus Investment Partners, Inc. (NASDAQ:VRTS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $146.50 and traded as high as $151.75. Virtus Investment Partners shares last traded at $151.1490, with a volume of 130,054 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays cut their price objective on Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating on the stock in a report on Monday, May 4th. Morgan Stanley upped their target price on Virtus Investment Partners from $112.00 to $119.00 and gave the stock an “underweight” rating in a report on Friday, June 26th. TD Cowen dropped their target price on Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, Piper Sandler cut their price target on Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research note 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Virtus Investment Partners has a consensus rating of “Reduce” and an average price target of $136.25.

Virtus Investment Partners Stock Down 0.3%

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 stock’s fifty day simple moving average is $143.16 and its two-hundred day simple moving average is $146.50. The stock has a market capitalization of $1.01 billion, a P/E ratio of 8.94 and a beta of 1.38.

Virtus Investment Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $2.40 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $9.60 annualized dividend and a dividend yield of 6.4%. Virtus Investment Partners’s payout ratio is currently 56.50%.

Institutional Trading of Virtus Investment Partners

A number of institutional investors and hedge funds have recently bought and sold shares of VRTS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Virtus Investment Partners by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock worth $681,000 after buying an additional 103 shares during the period. Millennium Management LLC increased its stake in shares of Virtus Investment Partners by 10.8% in the first quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock valued at $10,133,000 after buying an additional 5,734 shares during the period. Jane Street Group LLC raised its position in shares of Virtus Investment Partners by 57.4% during the first quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock worth $2,679,000 after acquiring an additional 5,671 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Virtus Investment Partners by 20.8% during the first quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock worth $1,135,000 after acquiring an additional 1,134 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Virtus Investment Partners by 26.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,776 shares of the closed-end fund’s stock worth $2,136,000 after acquiring an additional 2,429 shares during the period. 80.52% of the stock is currently owned by institutional investors and hedge funds.

About Virtus Investment Partners

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.