Virtus Investment Partners, Inc. (NASDAQ:VRTS) Stake Lowered by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTSGet Rating) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 968 shares of the closed-end fund’s stock after selling 91 shares during the period. Advisors Asset Management Inc.’s holdings in Virtus Investment Partners were worth $166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VRTS. Vanguard Group Inc. grew its holdings in shares of Virtus Investment Partners by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 896,632 shares of the closed-end fund’s stock valued at $215,182,000 after acquiring an additional 48,669 shares in the last quarter. BlackRock Inc. boosted its holdings in Virtus Investment Partners by 2.3% in the first quarter. BlackRock Inc. now owns 1,188,513 shares of the closed-end fund’s stock worth $285,232,000 after purchasing an additional 27,115 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Virtus Investment Partners by 247.2% in the second quarter. Assenagon Asset Management S.A. now owns 26,106 shares of the closed-end fund’s stock worth $4,465,000 after purchasing an additional 18,587 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Virtus Investment Partners in the first quarter worth $2,319,000. Finally, Gator Capital Management LLC bought a new stake in Virtus Investment Partners in the second quarter worth $1,488,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VRTS has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on shares of Virtus Investment Partners from $142.00 to $134.00 and set an “underweight” rating for the company in a report on Friday, October 28th. StockNews.com began coverage on shares of Virtus Investment Partners in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Piper Sandler cut their target price on shares of Virtus Investment Partners from $268.00 to $248.00 in a research report on Tuesday, October 11th.

Virtus Investment Partners Stock Up 0.4 %

Virtus Investment Partners stock opened at $188.61 on Tuesday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 11.06 and a beta of 1.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 13.06 and a quick ratio of 13.06. Virtus Investment Partners, Inc. has a fifty-two week low of $141.80 and a fifty-two week high of $322.60. The firm has a fifty day moving average price of $171.50 and a two-hundred day moving average price of $182.94.

Virtus Investment Partners Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Virtus Investment Partners (NASDAQ:VRTS)

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