Virtus Investment Partners (NASDAQ:VRTS) Reaches New 52-Week Low – What’s Next?

Virtus Investment Partners, Inc. (NASDAQ:VRTS) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $134.81 and last traded at $137.72, with a volume of 91700 shares trading hands. The stock had previously closed at $139.72.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TD Cowen decreased their price objective on shares of Virtus Investment Partners from $180.00 to $173.00 and set a “hold” rating on the stock in a report on Wednesday, January 14th. Morgan Stanley reduced their price target on shares of Virtus Investment Partners from $168.00 to $155.00 and set an “underweight” rating for the company in a research report on Tuesday, February 3rd. Zacks Research upgraded Virtus Investment Partners from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Piper Sandler dropped their price objective on Virtus Investment Partners from $218.00 to $206.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Finally, Barclays reiterated an “underweight” rating and set a $142.00 target price on shares of Virtus Investment Partners in a research report on Monday. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Virtus Investment Partners presently has a consensus rating of “Reduce” and an average price target of $169.00.

Virtus Investment Partners Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The company has a 50-day moving average of $162.75 and a 200-day moving average of $175.55. The stock has a market capitalization of $930.16 million, a price-to-earnings ratio of 8.15 and a beta of 1.47.

Virtus Investment Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Saturday, January 31st were given a $2.40 dividend. This represents a $9.60 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Friday, January 30th. Virtus Investment Partners’s dividend payout ratio is currently 48.02%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VRTS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Virtus Investment Partners by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,952 shares of the closed-end fund’s stock valued at $681,000 after purchasing an additional 103 shares in the last quarter. Millennium Management LLC raised its position in shares of Virtus Investment Partners by 10.8% in the first quarter. Millennium Management LLC now owns 58,788 shares of the closed-end fund’s stock valued at $10,133,000 after buying an additional 5,734 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Virtus Investment Partners by 57.4% during the first quarter. Jane Street Group LLC now owns 15,543 shares of the closed-end fund’s stock valued at $2,679,000 after buying an additional 5,671 shares during the period. Intech Investment Management LLC boosted its position in Virtus Investment Partners by 20.8% during the first quarter. Intech Investment Management LLC now owns 6,587 shares of the closed-end fund’s stock worth $1,135,000 after acquiring an additional 1,134 shares during the last quarter. Finally, CWM LLC grew its stake in Virtus Investment Partners by 910.9% in the 2nd quarter. CWM LLC now owns 2,133 shares of the closed-end fund’s stock worth $387,000 after acquiring an additional 1,922 shares during the period. Institutional investors and hedge funds own 80.52% of the company’s stock.

About Virtus Investment Partners

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.