Virtus Investment Partners (NASDAQ:VRTS) Sets New 12-Month Low – Here’s What Happened

Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $131.87 and last traded at $133.28, with a volume of 12795 shares traded. The stock had previously closed at $138.35.

Analysts Set New Price Targets

VRTS has been the topic of several research analyst reports. Piper Sandler lowered their price target on Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley lowered their target price on Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating on the stock in a report on Tuesday, February 3rd. Barclays restated an “underweight” rating and set a $142.00 price target on shares of Virtus Investment Partners in a research note on Monday, February 9th. TD Cowen dropped their price objective on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a report on Wednesday, January 14th. Finally, Zacks Research raised shares of Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. One 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’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $169.00.

Virtus Investment Partners Stock Down 3.8%

The business has a 50-day moving average price of $155.64 and a 200 day moving average price of $170.11. 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 stock has a market capitalization of $890.77 million, a P/E ratio of 7.87 and a beta of 1.47.

Virtus Investment Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th will be given a dividend of $2.40 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $9.60 annualized dividend and a dividend yield of 7.2%. Virtus Investment Partners’s payout ratio is currently 48.02%.

Institutional Trading of Virtus Investment Partners

Several institutional investors have recently added to or reduced their stakes in VRTS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 during the period. Millennium Management LLC grew its holdings in Virtus Investment Partners by 10.8% during the 1st quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock worth $10,133,000 after acquiring an additional 5,734 shares in the last quarter. Jane Street Group LLC increased its position in Virtus Investment Partners by 57.4% during the 1st quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock valued at $2,679,000 after purchasing an additional 5,671 shares during the period. Intech Investment Management LLC raised its holdings in shares of Virtus Investment Partners by 20.8% in the 1st quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock valued at $1,135,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Virtus Investment Partners by 226.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 359 shares of the closed-end fund’s stock worth $65,000 after purchasing an additional 249 shares during the period. Institutional investors own 80.52% of the company’s stock.

About Virtus Investment Partners

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.