Susquehanna Fundamental Investments LLC Acquires 10,147 Shares of Virtus Investment Partners, Inc. $VRTS

Susquehanna Fundamental Investments LLC boosted its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 257.0% during the second quarter, Holdings Channel.com reports. The firm owned 14,095 shares of the closed-end fund’s stock after acquiring an additional 10,147 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Virtus Investment Partners were worth $2,023,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in shares of Virtus Investment Partners in the 1st quarter worth $26,000. Caitlin John LLC bought a new stake in shares of Virtus Investment Partners in the 2nd quarter worth about $35,000. Assetmark Inc. purchased a new stake in shares of Virtus Investment Partners during the 1st quarter valued at about $36,000. GAMMA Investing LLC raised its position in shares of Virtus Investment Partners by 86.2% during the 2nd quarter. GAMMA Investing LLC now owns 270 shares of the closed-end fund’s stock valued at $39,000 after buying an additional 125 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in shares of Virtus Investment Partners by 269.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 307 shares of the closed-end fund’s stock valued at $50,000 after buying an additional 224 shares in the last quarter. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Stock Down 3.5%

NASDAQ VRTS opened at $159.66 on Wednesday. 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 company has a fifty day moving average of $161.57 and a two-hundred day moving average of $146.89. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 9.45 and a beta of 1.37. Virtus Investment Partners, Inc. has a 52 week low of $121.61 and a 52 week high of $203.61.

Virtus Investment Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $2.45 dividend. This is a boost from Virtus Investment Partners’s previous quarterly dividend of $2.40. The ex-dividend date is Friday, October 30th. This represents a $9.80 annualized dividend and a dividend yield of 6.1%. Virtus Investment Partners’s dividend payout ratio (DPR) is 55.84%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VRTS. TD Cowen lifted their price target on Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Morgan Stanley reissued an “underweight” rating and set a $130.00 price objective on shares of Virtus Investment Partners in a research note on Wednesday, July 29th. Finally, Barclays decreased their price objective on Virtus Investment Partners from $141.00 to $135.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $145.50.

Insider Activity at Virtus Investment Partners

In related news, EVP Michael A. Angerthal sold 14,975 shares of Virtus Investment Partners stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $167.34, for a total transaction of $2,505,916.50. Following the completion of the transaction, the executive vice president directly owned 63,461 shares of the company’s stock, valued at approximately $10,619,563.74. The trade was a 19.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.40% of the company’s stock.

Virtus Investment Partners 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.