Huber Capital Management LLC Sells 1,000 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Huber Capital Management LLC reduced its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 9.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,968 shares of the closed-end fund’s stock after selling 1,000 shares during the period. Huber Capital Management LLC owned 0.14% of Virtus Investment Partners worth $2,199,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ExodusPoint Capital Management LP increased its holdings in Virtus Investment Partners by 322.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 11,736 shares of the closed-end fund’s stock worth $2,589,000 after purchasing an additional 8,960 shares in the last quarter. Trexquant Investment LP acquired a new stake in Virtus Investment Partners during the fourth quarter worth approximately $209,000. Villanova Investment Management Co LLC increased its position in Virtus Investment Partners by 10.7% during the 4th quarter. Villanova Investment Management Co LLC now owns 11,436 shares of the closed-end fund’s stock worth $2,523,000 after buying an additional 1,104 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Virtus Investment Partners in the fourth quarter valued at approximately $1,014,000. Finally, Norges Bank bought a new position in Virtus Investment Partners in the 4th quarter valued at about $9,503,000. 80.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on VRTS shares. Piper Sandler lowered their target price on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Barclays lowered their price objective on Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. StockNews.com raised Virtus Investment Partners from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $225.75.

Virtus Investment Partners Trading Up 0.5 %

NASDAQ VRTS opened at $174.81 on Thursday. Virtus Investment Partners, Inc. has a twelve month low of $161.14 and a twelve month high of $252.82. 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 stock’s 50 day moving average is $184.71 and its 200 day moving average is $209.54. The firm has a market capitalization of $1.22 billion, a PE ratio of 10.34 and a beta of 1.49.

Virtus Investment Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 annualized dividend and a yield of 5.15%. Virtus Investment Partners’s dividend payout ratio is 53.25%.

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.