Virtus Investment Partners Inc. (NASDAQ:VRTS)’s share price rose 5% during trading on Friday . The company traded as high as $95.75 and last traded at $93.91, with a volume of 132,026 shares. The stock had previously closed at $89.48.

VRTS has been the topic of a number of recent research reports. Zacks Investment Research lowered Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, June 14th. Sandler O’Neill decreased their price target on Virtus Investment Partners from $91.00 to $71.00 in a research note on Tuesday, April 12th. Finally, Credit Suisse Group AG upgraded Virtus Investment Partners from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $91.00 in a research note on Thursday, July 14th.

The stock’s 50-day moving average is $79.00 and its 200 day moving average is $80.75. The firm has a market cap of $762.84 million and a P/E ratio of 30.07.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, July 29th. The closed-end fund reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by $0.08. The firm earned $80.10 million during the quarter, compared to the consensus estimate of $78.86 million. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 earnings per share. Equities research analysts expect that Virtus Investment Partners Inc. will post $5.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $1.80 annualized dividend and a yield of 1.95%.

Other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its position in 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 valued at $1,486,000 after buying an additional 145 shares during the last quarter. Rhumbline Advisers increased its position in Virtus Investment Partners by 3.4% in the fourth quarter. Rhumbline Advisers now owns 13,142 shares of the closed-end fund’s stock valued at $1,544,000 after buying an additional 433 shares during the last quarter. First Trust Advisors LP increased its position in 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 valued at $2,932,000 after buying an additional 941 shares during the last quarter. New York State Common Retirement Fund increased its position in 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 valued at $3,112,000 after buying an additional 2,199 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in 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 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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