Quarry LP boosted its holdings in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS – Free Report) by 388.5% during the 3rd quarter, Holdings Channel reports. The firm owned 127 shares of the closed-end fund’s stock after buying an additional 101 shares during the period. Quarry LP’s holdings in Virtus Investment Partners were worth $27,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in Virtus Investment Partners by 3.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,377 shares of the closed-end fund’s stock valued at $537,000 after buying an additional 73 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Virtus Investment Partners by 2.3% during the second quarter. Los Angeles Capital Management LLC now owns 3,717 shares of the closed-end fund’s stock worth $839,000 after acquiring an additional 85 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Virtus Investment Partners by 3.0% during the second quarter. Louisiana State Employees Retirement System now owns 3,400 shares of the closed-end fund’s stock valued at $768,000 after acquiring an additional 100 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Virtus Investment Partners by 7.2% in the 2nd quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund’s stock valued at $412,000 after acquiring an additional 124 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Virtus Investment Partners by 11.9% in the 3rd quarter. QRG Capital Management Inc. now owns 1,174 shares of the closed-end fund’s stock worth $246,000 after purchasing an additional 125 shares in the last quarter. 80.52% of the stock is owned by hedge funds and other institutional investors.
Virtus Investment Partners Stock Performance
NASDAQ VRTS opened at $242.95 on Friday. The business’s 50 day moving average price is $230.17 and its 200-day moving average price is $221.01. Virtus Investment Partners, Inc. has a fifty-two week low of $190.42 and a fifty-two week high of $263.39. The company has a market cap of $1.71 billion, a P/E ratio of 14.77 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 Announces Dividend
Wall Street Analysts Forecast Growth
VRTS has been the topic of several research reports. Piper Sandler lifted their target price on Virtus Investment Partners from $264.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their price objective on Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Barclays increased their target price on Virtus Investment Partners from $212.00 to $239.00 and gave the company an “underweight” rating in a research report on Monday. Finally, StockNews.com downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, two have given 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 target price of $244.25.
Check Out Our Latest Analysis on VRTS
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.
Read More
- Five stocks we like better than Virtus Investment Partners
- How to Invest in Insurance Companies: A Guide
- WallStreetBets: How a Reddit Forum Shook Up Stock Market Dynamics
- 3 Tickers Leading a Meme Stock Revival
- Are 2024’s Top Insider Buys a Good Bet for 2025?
- Earnings Per Share Calculator: How to Calculate EPS
- 4 Social Media Stocks to Soar as TikTok’s Future Hangs in Balance
Want to see what other hedge funds are holding VRTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtus Investment Partners, Inc. (NASDAQ:VRTS – Free Report).
Receive News & Ratings for Virtus Investment Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Investment Partners and related companies with MarketBeat.com's FREE daily email newsletter.