Sei Investments Co. Has $4.16 Million Holdings in Virtus Investment Partners, Inc. $VRTS

Sei Investments Co. grew its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 135.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,963 shares of the closed-end fund’s stock after buying an additional 17,811 shares during the quarter. Sei Investments Co.’s holdings in Virtus Investment Partners were worth $4,160,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VRTS. First Trust Advisors LP raised its stake in shares of Virtus Investment Partners by 38.1% in the first quarter. First Trust Advisors LP now owns 52,930 shares of the closed-end fund’s stock valued at $7,111,000 after acquiring an additional 14,600 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Virtus Investment Partners by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 305,115 shares of the closed-end fund’s stock worth $40,990,000 after acquiring an additional 7,987 shares during the last quarter. Assetmark Inc. acquired a new stake in Virtus Investment Partners during the 1st quarter valued at $36,000. Principal Financial Group Inc. increased its holdings in Virtus Investment Partners by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 30,857 shares of the closed-end fund’s stock valued at $4,146,000 after purchasing an additional 596 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in Virtus Investment Partners by 2.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 3,446 shares of the closed-end fund’s stock valued at $463,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Insiders Place Their Bets

In other Virtus Investment Partners news, EVP Michael A. Angerthal sold 14,975 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $167.34, for a total transaction of $2,505,916.50. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.40% of the company’s stock.

Virtus Investment Partners Stock Up 1.3%

NASDAQ VRTS opened at $163.90 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 9.70 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. 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 has a fifty day moving average of $153.21 and a 200-day moving average of $145.73.

Virtus Investment Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $2.40 dividend. This represents a $9.60 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, July 31st. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 54.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VRTS shares. TD Cowen boosted their price objective on Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Barclays lowered their target price on Virtus Investment Partners from $141.00 to $135.00 and set an “underweight” rating for the company in a research note on Friday, July 31st. Morgan Stanley reaffirmed an “underweight” rating and issued a $130.00 price target on shares of Virtus Investment Partners in a report on Wednesday, July 29th. Finally, Piper Sandler decreased their price objective on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a 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 issued a Sell rating to the company. According to MarketBeat, Virtus Investment Partners currently has an average rating of “Reduce” and a consensus price target of $145.50.

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.