Y Intercept Hong Kong Ltd Purchases 828 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Y Intercept Hong Kong Ltd lifted its holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 59.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,223 shares of the closed-end fund’s stock after buying an additional 828 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Virtus Investment Partners were worth $466,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VRTS. Allspring Global Investments Holdings LLC boosted its position in Virtus Investment Partners by 3.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,377 shares of the closed-end fund’s stock worth $537,000 after purchasing an additional 73 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Virtus Investment Partners by 2.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,717 shares of the closed-end fund’s stock worth $839,000 after purchasing an additional 85 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Virtus Investment Partners by 3.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 3,400 shares of the closed-end fund’s stock worth $768,000 after buying an additional 100 shares during the last quarter. Quarry LP grew its position in Virtus Investment Partners by 388.5% during the third quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after buying an additional 101 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Virtus Investment Partners by 7.2% during the second quarter. Hsbc Holdings PLC now owns 1,852 shares of the closed-end fund’s stock worth $412,000 after buying an additional 124 shares during the last quarter. 80.52% of the stock is owned by institutional investors.

Virtus Investment Partners Stock Down 1.2 %

VRTS opened at $239.70 on Monday. Virtus Investment Partners, Inc. has a 12 month low of $190.42 and a 12 month high of $263.39. The company has a market cap of $1.68 billion, a PE ratio of 14.57 and a beta of 1.46. 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 company has a 50 day moving average of $230.83 and a 200 day moving average of $220.98.

Virtus Investment Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 3.75%. Virtus Investment Partners’s payout ratio is currently 54.71%.

Analyst Upgrades and Downgrades

VRTS has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a research note on Friday, October 18th. StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Barclays raised their target price on Virtus Investment Partners from $212.00 to $239.00 and gave the stock an “underweight” rating in a research report on Monday, December 9th. Finally, Piper Sandler upped their price target on Virtus Investment Partners from $264.00 to $274.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $244.25.

About Virtus Investment Partners

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.