Virtus Investment Partners Inc. (NASDAQ:VRTS) rose 3.1% on Thursday . The company traded as high as $75.29 and last traded at $73.97, with a volume of 141,901 shares. The stock had previously closed at $71.74.

VRTS has been the subject of a number of recent research reports. Zacks Investment Research downgraded Virtus Investment Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Sandler O’Neill dropped their price objective on Virtus Investment Partners from $91.00 to $71.00 in a report on Tuesday, April 12th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Virtus Investment Partners presently has a consensus rating of “Hold” and a consensus target price of $100.75.

The company’s 50 day moving average price is $77.41 and its 200-day moving average price is $84.21. The company has a market capitalization of $637.49 million and a price-to-earnings ratio of 24.12.

Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings data on Friday, April 29th. The closed-end fund reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. The company had revenue of $80.30 million for the quarter, compared to the consensus estimate of $81.08 million. During the same quarter last year, the business earned $2.11 EPS. Virtus Investment Partners’s revenue was down 22.6% on a year-over-year basis. Analysts expect that Virtus Investment Partners Inc. will post $5.15 EPS for the current fiscal year.

Other large investors have modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Virtus Investment Partners by 1.2% in the fourth quarter. California State Teachers Retirement System now owns 12,648 shares of the closed-end fund’s stock worth $1,486,000 after buying an additional 145 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Virtus Investment Partners by 3.4% in the fourth quarter. Rhumbline Advisers now owns 13,142 shares of the closed-end fund’s stock worth $1,544,000 after buying an additional 433 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Virtus Investment Partners during the fourth quarter worth $1,934,000. First Trust Advisors LP increased its stake in shares of Virtus Investment Partners by 3.9% in the fourth quarter. First Trust Advisors LP now owns 24,959 shares of the closed-end fund’s stock worth $2,932,000 after buying an additional 941 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Virtus Investment Partners by 9.1% in the fourth quarter. New York State Common Retirement Fund now owns 26,495 shares of the closed-end fund’s stock worth $3,112,000 after buying an additional 2,199 shares in the last quarter.

Virtus Investment Partners, Inc 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.

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