Virtus Investment Partners (NASDAQ:VRTS) Upgraded by StockNews.com to Buy Rating

Virtus Investment Partners (NASDAQ:VRTS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other equities research analysts have also recently commented on VRTS. Morgan Stanley dropped their price target on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Piper Sandler reduced their target price on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Barclays dropped their price target on Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $225.75.

Virtus Investment Partners Price Performance

VRTS traded down $4.61 during trading on Monday, reaching $183.17. The stock had a trading volume of 51,056 shares, compared to its average volume of 38,796. The stock has a 50 day moving average of $202.73 and a two-hundred day moving average of $214.37. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 10.84 and a beta of 1.47. Virtus Investment Partners has a 1-year low of $179.38 and a 1-year high of $263.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP boosted its position in Virtus Investment Partners by 388.5% during the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock worth $27,000 after acquiring an additional 101 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Virtus Investment Partners by 170.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund’s stock worth $44,000 after purchasing an additional 126 shares during the period. R Squared Ltd purchased a new position in Virtus Investment Partners during the fourth quarter valued at approximately $75,000. KBC Group NV increased its stake in Virtus Investment Partners by 61.2% in the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock valued at $87,000 after buying an additional 150 shares during the period. Finally, Point72 DIFC Ltd increased its stake in Virtus Investment Partners by 57.2% in the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock valued at $128,000 after buying an additional 222 shares during the period. Hedge funds and other institutional investors own 80.52% of the company’s stock.

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.