Ieq Capital LLC Invests $3.25 Million in Virtus Investment Partners, Inc. $VRTS

Ieq Capital LLC acquired a new stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,680 shares of the closed-end fund’s stock, valued at approximately $3,255,000. Ieq Capital LLC owned approximately 0.34% of Virtus Investment Partners at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRTS. Allworth Financial LP purchased a new stake in Virtus Investment Partners during the second quarter worth $93,000. BlackRock Inc. acquired a new position in shares of Virtus Investment Partners during the 2nd quarter worth $151,624,000. Deutsche Bank AG purchased a new stake in shares of Virtus Investment Partners in the 2nd quarter worth about $1,026,000. Bank of New York Mellon Corp acquired a new stake in Virtus Investment Partners in the 2nd quarter valued at about $10,148,000. Finally, GAMMA Investing LLC grew its stake in Virtus Investment Partners by 86.2% in the 2nd quarter. GAMMA Investing LLC now owns 270 shares of the closed-end fund’s stock valued at $39,000 after acquiring an additional 125 shares during the last quarter. 80.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VRTS shares. Piper Sandler cut their target price on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. TD Cowen raised their price objective on shares of Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Morgan Stanley restated an “underweight” rating and set a $130.00 price objective on shares of Virtus Investment Partners in a research report on Wednesday, July 29th. Finally, Barclays lowered their target price on Virtus Investment Partners from $141.00 to $135.00 and set an “underweight” rating on the stock in a report on Friday, July 31st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $145.50.

Virtus Investment Partners Price Performance

Virtus Investment Partners stock opened at $168.52 on Tuesday. Virtus Investment Partners, Inc. has a 12-month low of $121.61 and a 12-month high of $203.61. The stock has a market capitalization of $1.12 billion, a P/E ratio of 9.97 and a beta of 1.37. The firm’s 50-day moving average is $158.73 and its two-hundred day moving average is $145.94. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $2.45 per share. This represents a $9.80 dividend on an annualized basis and a yield of 5.8%. This is an increase from Virtus Investment Partners’s previous quarterly dividend of $2.40. The ex-dividend date is Friday, October 30th. Virtus Investment Partners’s dividend payout ratio (DPR) is 55.84%.

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 completion of the sale, the executive vice president directly owned 63,461 shares of the company’s stock, valued at approximately $10,619,563.74. The trade was a 19.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.40% 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.