Y Intercept Hong Kong Ltd Purchases 1,038 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Y Intercept Hong Kong Ltd raised its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 46.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,261 shares of the closed-end fund’s stock after acquiring an additional 1,038 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Virtus Investment Partners were worth $719,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VRTS. Handelsbanken Fonder AB grew its position in shares of Virtus Investment Partners by 8.3% during the 4th quarter. Handelsbanken Fonder AB now owns 1,300 shares of the closed-end fund’s stock valued at $287,000 after acquiring an additional 100 shares during the period. Principal Financial Group Inc. grew its holdings in Virtus Investment Partners by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 38,339 shares of the closed-end fund’s stock valued at $8,457,000 after purchasing an additional 1,377 shares during the period. Asset Management One Co. Ltd. grew its holdings in Virtus Investment Partners by 2,902.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,423 shares of the closed-end fund’s stock valued at $763,000 after purchasing an additional 3,309 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Virtus Investment Partners by 17.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,818 shares of the closed-end fund’s stock worth $1,074,000 after buying an additional 733 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Virtus Investment Partners in the fourth quarter worth about $75,000. Institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Trading Up 2.4 %

VRTS stock opened at $187.63 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.10 and a beta of 1.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. Virtus Investment Partners, Inc. has a 1-year low of $179.38 and a 1-year high of $263.39. The business has a 50 day simple moving average of $203.40 and a two-hundred day simple moving average of $214.22.

Virtus Investment Partners Announces Dividend

The business 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 dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 annualized dividend and a yield of 4.80%. Virtus Investment Partners’s payout ratio is 53.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Barclays dropped their price target on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler dropped 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 report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $225.75.

Virtus Investment Partners Company Profile

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.