Quantbot Technologies LP Makes New Investment in Virtus Investment Partners, Inc. $VRTS

Quantbot Technologies LP bought a new stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,156 shares of the closed-end fund’s stock, valued at approximately $740,000. Quantbot Technologies LP owned about 0.08% of Virtus Investment Partners as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of VRTS. Illinois Municipal Retirement Fund raised its holdings in shares of Virtus Investment Partners by 2.3% during the first quarter. Illinois Municipal Retirement Fund now owns 3,446 shares of the closed-end fund’s stock valued at $463,000 after buying an additional 77 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Virtus Investment Partners by 24.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock valued at $81,000 after acquiring an additional 97 shares during the period. New York State Teachers Retirement System increased its position in Virtus Investment Partners by 1.9% in the 4th quarter. New York State Teachers Retirement System now owns 5,401 shares of the closed-end fund’s stock valued at $881,000 after acquiring an additional 100 shares during the period. Swiss National Bank raised its stake in Virtus Investment Partners by 0.8% during the 3rd quarter. Swiss National Bank now owns 12,700 shares of the closed-end fund’s stock valued at $2,413,000 after acquiring an additional 100 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Virtus Investment Partners by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock valued at $681,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Price Performance

Shares of NASDAQ VRTS opened at $166.76 on Thursday. Virtus Investment Partners, Inc. has a twelve month low of $121.61 and a twelve month high of $203.61. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $159.67 and a two-hundred day moving average of $146.17. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.87 and a beta of 1.37.

Virtus Investment Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $2.45 per share. The ex-dividend date is Friday, October 30th. This is a positive change from Virtus Investment Partners’s previous quarterly dividend of $2.40. This represents a $9.80 dividend on an annualized basis and a yield of 5.9%. Virtus Investment Partners’s payout ratio is 55.84%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Piper Sandler decreased their price target on Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Barclays reduced 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 report on Friday, July 31st. Morgan Stanley reiterated an “underweight” rating and issued a $130.00 target price on shares of Virtus Investment Partners in a research report on Wednesday, July 29th. Finally, TD Cowen boosted their price target on shares of Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $145.50.

Insider Transactions at Virtus Investment Partners

In other Virtus Investment Partners news, EVP Michael A. Angerthal sold 14,975 shares of Virtus Investment Partners 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 transaction, the executive vice president owned 63,461 shares in the company, valued at approximately $10,619,563.74. The trade was a 19.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.40% 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.