2,421 Shares in Virtus Investment Partners, Inc. (NASDAQ:VRTS) Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management acquired a new position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) in the fourth quarter, Holdings Channel reports. The firm acquired 2,421 shares of the closed-end fund’s stock, valued at approximately $534,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRTS. Quarry LP lifted its position in Virtus Investment Partners by 388.5% in the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after buying an additional 101 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Virtus Investment Partners by 170.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund’s stock worth $44,000 after buying an additional 126 shares in the last quarter. R Squared Ltd purchased a new stake in Virtus Investment Partners in the 4th quarter worth approximately $75,000. KBC Group NV lifted its position in Virtus Investment Partners by 61.2% in the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock worth $87,000 after buying an additional 150 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its position in Virtus Investment Partners by 57.2% in the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock worth $128,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Stock Up 3.1 %

Virtus Investment Partners stock opened at $173.07 on Monday. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.24 and a beta of 1.49. The firm’s fifty day simple moving average is $193.73 and its 200-day simple moving average is $212.02. 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, Inc. has a 1-year low of $167.13 and a 1-year high of $263.39.

Virtus Investment Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a yield of 5.20%. Virtus Investment Partners’s payout ratio is presently 53.25%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VRTS. Piper Sandler cut their target price on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. StockNews.com upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Morgan Stanley cut their price target on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Finally, Barclays cut their price target on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $225.75.

About Virtus Investment Partners

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.