Los Angeles Capital Management LLC Buys 510 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Los Angeles Capital Management LLC grew its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 27.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,388 shares of the closed-end fund’s stock after buying an additional 510 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Virtus Investment Partners were worth $527,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VRTS. Quarry LP increased its holdings in Virtus Investment Partners by 388.5% in the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after acquiring an additional 101 shares in the last quarter. R Squared Ltd bought a new position in shares of Virtus Investment Partners in the fourth quarter worth approximately $75,000. KBC Group NV increased its stake in shares of Virtus Investment Partners by 61.2% in the fourth quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock worth $87,000 after purchasing an additional 150 shares in the last quarter. Point72 DIFC Ltd raised its position in shares of Virtus Investment Partners by 57.2% during the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock valued at $128,000 after purchasing an additional 222 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Virtus Investment Partners by 269.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 690 shares of the closed-end fund’s stock valued at $145,000 after buying an additional 503 shares in the last quarter. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Trading Down 2.5 %

Shares of VRTS stock opened at $183.17 on Tuesday. The stock’s 50-day moving average price is $202.73 and its 200-day moving average price is $214.37. Virtus Investment Partners, Inc. has a 12-month low of $179.38 and a 12-month high of $263.39. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.84 and a beta of 1.47. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27.

Virtus Investment Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 annualized dividend and a dividend yield of 4.91%. Virtus Investment Partners’s dividend payout ratio (DPR) is 53.25%.

Analyst Ratings Changes

A number of brokerages have issued reports on VRTS. Morgan Stanley cut their price target on 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 raised Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Monday. Piper Sandler lowered their price target on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Barclays cut their price objective on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $225.75.

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.