Cornercap Investment Counsel Inc. Sells 1,108 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Cornercap Investment Counsel Inc. trimmed its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 50.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,104 shares of the closed-end fund’s stock after selling 1,108 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Virtus Investment Partners were worth $231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VRTS. Lombard Odier Asset Management Europe Ltd bought a new stake in Virtus Investment Partners in the 2nd quarter valued at $6,776,000. AQR Capital Management LLC raised its holdings in Virtus Investment Partners by 78.1% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the closed-end fund’s stock valued at $11,508,000 after acquiring an additional 22,344 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Virtus Investment Partners during the 2nd quarter worth approximately $2,553,000. Quadrature Capital Ltd increased its position in shares of Virtus Investment Partners by 80.2% during the first quarter. Quadrature Capital Ltd now owns 23,506 shares of the closed-end fund’s stock valued at $5,825,000 after purchasing an additional 10,461 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Virtus Investment Partners by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 328,067 shares of the closed-end fund’s stock valued at $74,092,000 after purchasing an additional 8,393 shares in the last quarter. 80.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRTS has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Barclays assumed coverage on shares of Virtus Investment Partners in a research report on Tuesday, August 27th. They set an “underweight” rating and a $206.00 target price for the company. Finally, StockNews.com upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $233.50.

Virtus Investment Partners Stock Down 0.9 %

VRTS stock opened at $235.97 on Tuesday. Virtus Investment Partners, Inc. has a 1-year low of $190.42 and a 1-year high of $263.39. The business’s 50 day simple moving average is $215.06 and its 200 day simple moving average is $219.15. 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 firm has a market capitalization of $1.66 billion, a PE ratio of 14.34 and a beta of 1.45.

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.