Gator Capital Management LLC Sells 4,583 Shares of Virtus Investment Partners, Inc. $VRTS

Gator Capital Management LLC lowered its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 7.5% during the fourth quarter, HoldingsChannel reports. The fund owned 56,591 shares of the closed-end fund’s stock after selling 4,583 shares during the quarter. Virtus Investment Partners comprises about 1.9% of Gator Capital Management LLC’s portfolio, making the stock its 17th largest holding. Gator Capital Management LLC’s holdings in Virtus Investment Partners were worth $9,233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Osaic Holdings Inc. grew its position in Virtus Investment Partners by 90.4% during the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock worth $57,000 after acquiring an additional 150 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Virtus Investment Partners by 24.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 499 shares of the closed-end fund’s stock worth $81,000 after acquiring an additional 97 shares during the last quarter. Advisors Asset Management Inc. grew its position in Virtus Investment Partners by 117.0% during the 4th quarter. Advisors Asset Management Inc. now owns 588 shares of the closed-end fund’s stock worth $96,000 after acquiring an additional 317 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Virtus Investment Partners during the 2nd quarter worth $147,000. Finally, MQS Management LLC bought a new stake in Virtus Investment Partners during the 4th quarter worth $207,000. Institutional investors own 80.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VRTS shares. TD Cowen reduced their price objective on Virtus Investment Partners from $132.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Piper Sandler reduced their price objective on 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. Morgan Stanley cut their target price on Virtus Investment Partners from $128.00 to $112.00 and set an “underweight” rating on the stock in a report on Tuesday, May 19th. Finally, Barclays cut their target price on Virtus Investment Partners from $128.00 to $125.00 and set an “underweight” rating on the stock in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Virtus Investment Partners currently has an average rating of “Reduce” and an average target price of $134.50.

Virtus Investment Partners Stock Up 1.9%

Shares of VRTS opened at $145.30 on Friday. The company has a market capitalization of $970.92 million, a PE ratio of 8.60 and a beta of 1.38. Virtus Investment Partners, Inc. has a 12 month low of $121.61 and a 12 month high of $215.06. The stock’s 50-day moving average price is $141.05 and its two-hundred day moving average price is $148.37. 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 business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $2.40 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $9.60 annualized dividend and a yield of 6.6%. Virtus Investment Partners’s payout ratio is presently 56.50%.

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.