Virtus Investment Partners (NASDAQ:VRTS) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Virtus Investment Partners, Inc. (NASDAQ:VRTS)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $145.74 and traded as high as $170.50. Virtus Investment Partners shares last traded at $168.29, with a volume of 93,213 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on VRTS. Morgan Stanley reiterated an “underweight” rating and set a $130.00 price target on shares of Virtus Investment Partners in a report on Wednesday, July 29th. Barclays cut their price objective on shares of Virtus Investment Partners from $141.00 to $135.00 and set an “underweight” rating for the company in a research report on Friday, July 31st. TD Cowen upped their price objective on shares of Virtus Investment Partners from $136.00 to $147.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Finally, Piper Sandler decreased their target price on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $145.50.

Virtus Investment Partners Price Performance

The company has a 50 day moving average of $156.76 and a 200 day moving average of $145.75. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.04 and a beta of 1.37. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27.

Virtus Investment Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $2.40 per share. This represents a $9.60 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Friday, July 31st. Virtus Investment Partners’s dividend payout ratio is presently 54.70%.

Insider Activity

In related news, EVP Michael A. Angerthal sold 14,975 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $167.34, for a total value of $2,505,916.50. Following the sale, the executive vice president directly owned 63,461 shares of the company’s stock, valued at approximately $10,619,563.74. This trade represents a 19.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Virtus Investment Partners

Large investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of Virtus Investment Partners in the 2nd quarter valued at $2,410,000. AWH Capital L.P. purchased a new stake in shares of Virtus Investment Partners during the 2nd quarter valued at $3,550,477,000. Caitlin John LLC acquired a new stake in shares of Virtus Investment Partners during the 2nd quarter worth $35,000. Bank of America Corp DE acquired a new stake in shares of Virtus Investment Partners during the 2nd quarter worth $4,867,000. Finally, Jupiter Topco LLC purchased a new position in shares of Virtus Investment Partners in the 2nd quarter worth $439,000. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Company 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.