Virtus Investment Partners Inc. (NASDAQ:VRTS)’s share price gapped up prior to trading on Friday . The stock had previously closed at $74.44, but opened at $74.87. Virtus Investment Partners shares last traded at $77.35, with a volume of 24,285 shares changing hands.

Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Thursday, June 30th. Sandler O’Neill dropped their price objective on shares of Virtus Investment Partners from $91.00 to $71.00 in a research note on Tuesday, April 12th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $100.75.

The company has a market cap of $637.49 million and a price-to-earnings ratio of 24.12. The firm has a 50-day moving average price of $77.41 and a 200-day moving average price of $84.21.

Virtus Investment Partners (NASDAQ:VRTS) last announced its quarterly earnings data on Friday, April 29th. The closed-end fund reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. During the same quarter last year, the business earned $2.11 earnings per share. The firm had revenue of $80.30 million for the quarter, compared to the consensus estimate of $81.08 million. The business’s revenue for the quarter was down 22.6% compared to the same quarter last year. Equities analysts predict that Virtus Investment Partners Inc. will post $5.15 earnings per share for the current year.

Other institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of Virtus Investment Partners by 1,599.3% in the fourth quarter. Morgan Stanley now owns 94,889 shares of the closed-end fund’s stock valued at $11,145,000 after buying an additional 89,305 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Virtus Investment Partners by 26.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 255,539 shares of the closed-end fund’s stock valued at $30,016,000 after buying an additional 52,918 shares during the period. Victory Capital Management Inc. boosted its position in shares of Virtus Investment Partners by 12.5% in the fourth quarter. Victory Capital Management Inc. now owns 248,296 shares of the closed-end fund’s stock valued at $29,165,000 after buying an additional 27,680 shares during the period. Matarin Capital Management LLC purchased a new position in shares of Virtus Investment Partners during the fourth quarter valued at about $1,934,000. Finally, Wells Fargo & Company MN boosted its position in shares of Virtus Investment Partners by 2.3% in the fourth quarter. Wells Fargo & Company MN now owns 368,243 shares of the closed-end fund’s stock valued at $43,254,000 after buying an additional 8,379 shares during the period.

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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