Shares of Virtus Investment Partners Inc. (NASDAQ:VRTS) traded down 3.2% during mid-day trading on Thursday . The company traded as low as $87.94 and last traded at $88.31, with a volume of 66,878 shares changing hands. The stock had previously closed at $91.20.

A number of analysts have issued reports on the company. Jefferies Group boosted their target price on Virtus Investment Partners from $74.00 to $87.00 and gave the company a “hold” rating in a research report on Monday, August 8th. Zacks Investment Research lowered Virtus Investment Partners from a “hold” rating to a “sell” rating in a research report on Thursday, June 30th. Finally, Credit Suisse Group AG raised Virtus Investment Partners from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $91.00 in a research report on Thursday, July 14th.

The company has a market cap of $702.03 million and a price-to-earnings ratio of 29.63. The firm has a 50 day moving average price of $87.13 and a 200-day moving average price of $80.88.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, July 29th. The closed-end fund reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by $0.08. During the same period in the prior year, the firm earned $2.21 earnings per share. The firm had revenue of $80.10 million for the quarter, compared to the consensus estimate of $78.86 million. The business’s revenue was down 19.6% on a year-over-year basis. On average, equities research analysts forecast that Virtus Investment Partners Inc. will post $5.22 EPS for the current fiscal year.

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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