Quantbot Technologies LP Acquires Shares of 5,156 Virtus Investment Partners, Inc. $VRTS

Quantbot Technologies LP acquired a new position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,156 shares of the closed-end fund’s stock, valued at approximately $740,000.

Several other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Virtus Investment Partners in the first quarter valued at $26,000. Assetmark Inc. purchased a new position in shares of Virtus Investment Partners during the first quarter valued at $36,000. GAMMA Investing LLC raised its position in Virtus Investment Partners by 86.2% during the second quarter. GAMMA Investing LLC now owns 270 shares of the closed-end fund’s stock valued at $39,000 after buying an additional 125 shares during the period. Aster Capital Management DIFC Ltd raised its position in Virtus Investment Partners by 269.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 307 shares of the closed-end fund’s stock valued at $50,000 after buying an additional 224 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in Virtus Investment Partners by 90.4% in the 2nd quarter. Osaic Holdings Inc. now owns 316 shares of the closed-end fund’s stock worth $57,000 after acquiring an additional 150 shares in the last quarter. 80.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael A. Angerthal sold 14,975 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $167.34, for a total transaction of $2,505,916.50. Following the transaction, the executive vice president owned 63,461 shares of the company’s stock, valued at approximately $10,619,563.74. This represents a 19.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.40% of the company’s stock.

Virtus Investment Partners Trading Up 0.3%

Shares of NASDAQ:VRTS opened at $166.76 on Thursday. The stock has a market capitalization of $1.10 billion, a PE ratio of 9.87 and a beta of 1.37. Virtus Investment Partners, Inc. has a 1 year low of $121.61 and a 1 year high of $203.61. The firm has a fifty day moving average price of $159.67 and a 200 day moving average price of $146.17. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $2.45 per share. This is a boost from Virtus Investment Partners’s previous quarterly dividend of $2.40. The ex-dividend date is Friday, October 30th. This represents a $9.80 annualized dividend and a dividend yield of 5.9%. Virtus Investment Partners’s dividend payout ratio is currently 55.84%.

Analysts Set New Price Targets

A number of equities research analysts have commented on VRTS shares. TD Cowen raised their price objective on Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Barclays dropped 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. Piper Sandler reduced their price target 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. Finally, Morgan Stanley restated an “underweight” rating and set a $130.00 price target on shares of Virtus Investment Partners in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Virtus Investment Partners has an average rating of “Reduce” and a consensus price target of $145.50.

Virtus Investment Partners Company Profile

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.