Royce & Associates LP lowered its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 64.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,094 shares of the closed-end fund’s stock after selling 49,000 shares during the quarter. Royce & Associates LP owned about 0.39% of Virtus Investment Partners worth $3,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of Virtus Investment Partners by 83.8% during the second quarter. State of Alaska Department of Revenue now owns 1,305 shares of the closed-end fund’s stock valued at $144,000 after acquiring an additional 595 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Virtus Investment Partners by 14.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 1,470 shares of the closed-end fund’s stock valued at $156,000 after acquiring an additional 190 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Virtus Investment Partners by 23.9% during the first quarter. Mason Street Advisors LLC now owns 1,515 shares of the closed-end fund’s stock valued at $160,000 after acquiring an additional 292 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Virtus Investment Partners by 17.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,627 shares of the closed-end fund’s stock valued at $172,000 after acquiring an additional 244 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Virtus Investment Partners during the first quarter valued at about $203,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

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Several equities analysts have recently issued reports on VRTS shares. Zacks Investment Research downgraded shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Credit Suisse Group upped their price objective on shares of Virtus Investment Partners from $141.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. Morgan Stanley set a $110.00 price target on shares of Virtus Investment Partners and gave the stock a “hold” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $117.00 price target on shares of Virtus Investment Partners in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company has an average rating of “Hold” and an average target price of $119.83.

Virtus Investment Partners, Inc. (VRTS) opened at 104.65 on Monday. The company has a 50-day moving average of $110.51 and a 200 day moving average of $108.11. Virtus Investment Partners, Inc. has a one year low of $87.98 and a one year high of $128.10. The firm has a market cap of $755.26 million, a P/E ratio of 20.36 and a beta of 1.74.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings results on Friday, July 28th. The closed-end fund reported $1.61 EPS for the quarter, missing the consensus estimate of $1.66 by $0.05. The firm had revenue of $94.10 million for the quarter, compared to analyst estimates of $91.78 million. Virtus Investment Partners had a return on equity of 11.35% and a net margin of 12.13%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $1.24 EPS. Equities research analysts expect that Virtus Investment Partners, Inc. will post $7.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.72%. The ex-dividend date is Monday, October 30th. Virtus Investment Partners’s dividend payout ratio (DPR) is 35.02%.

Virtus Investment Partners Company Profile

Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.

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

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