C M Bidwell & Associates Ltd. purchased a new stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,975 shares of the closed-end fund’s stock, valued at approximately $330,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Virtus Investment Partners by 83.8% during the second quarter. State of Alaska Department of Revenue now owns 1,305 shares of the closed-end fund’s stock valued at $144,000 after buying an additional 595 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Virtus Investment Partners by 14.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 1,470 shares of the closed-end fund’s stock valued at $156,000 after buying an additional 190 shares during the period. Mason Street Advisors LLC boosted its position in Virtus Investment Partners by 23.9% during the first quarter. Mason Street Advisors LLC now owns 1,515 shares of the closed-end fund’s stock valued at $160,000 after buying an additional 292 shares during the period. BNP Paribas Arbitrage SA boosted its position in Virtus Investment Partners by 17.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,627 shares of the closed-end fund’s stock valued at $172,000 after buying an additional 244 shares during the period. Finally, Koch Industries Inc. purchased a new stake in Virtus Investment Partners during the first quarter valued at about $203,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

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Several analysts have issued reports on VRTS shares. Credit Suisse Group upped their price target on shares of Virtus Investment Partners from $141.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. Morgan Stanley set a $110.00 target price on shares of Virtus Investment Partners and gave the stock a “hold” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Jefferies Group LLC reiterated a “hold” rating and set a $117.00 target price on shares of Virtus Investment Partners in a report on Friday, August 18th. Finally, ValuEngine lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $123.83.

Virtus Investment Partners, Inc. (NASDAQ VRTS) traded up 0.83% during mid-day trading on Monday, hitting $121.45. 19,233 shares of the stock were exchanged. The firm has a market capitalization of $876.50 million, a price-to-earnings ratio of 23.63 and a beta of 1.76. Virtus Investment Partners, Inc. has a 52 week low of $92.80 and a 52 week high of $128.10. The company’s 50-day moving average price is $110.67 and its 200 day moving average price is $108.84.

Virtus Investment Partners (NASDAQ:VRTS) last issued its quarterly earnings results on Friday, July 28th. The closed-end fund reported $1.61 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.05). The firm had revenue of $94.10 million for the quarter, compared to the consensus estimate of $91.78 million. Virtus Investment Partners had a net margin of 12.13% and a return on equity of 11.35%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. Equities research analysts expect that Virtus Investment Partners, Inc. will post $7.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.80 annualized dividend and a yield of 1.48%. Virtus Investment Partners’s dividend payout ratio (DPR) is 35.02%.

About Virtus Investment Partners

Virtus Investment Partners, Inc (Virtus) 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.

Institutional Ownership by Quarter for Virtus Investment Partners (NASDAQ:VRTS)

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