16,571 Shares in Virtus Investment Partners, Inc. $VRTS Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,571 shares of the closed-end fund’s stock, valued at approximately $2,378,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Virtus Investment Partners during the second quarter worth about $151,624,000. State Street Corp grew its position in shares of Virtus Investment Partners by 0.5% during the 4th quarter. State Street Corp now owns 306,375 shares of the closed-end fund’s stock worth $49,985,000 after buying an additional 1,586 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Virtus Investment Partners by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 305,115 shares of the closed-end fund’s stock valued at $40,990,000 after acquiring an additional 7,987 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Virtus Investment Partners by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 300,098 shares of the closed-end fund’s stock valued at $48,961,000 after acquiring an additional 2,917 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Virtus Investment Partners by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 245,344 shares of the closed-end fund’s stock valued at $40,028,000 after acquiring an additional 15,987 shares during the period. Institutional investors and hedge funds own 80.52% of the company’s stock.

Insider Buying and Selling

In other Virtus Investment Partners news, EVP Michael A. Angerthal sold 14,975 shares of Virtus Investment Partners stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $167.34, for a total value of $2,505,916.50. Following the transaction, the executive vice president owned 63,461 shares of the company’s stock, valued at approximately $10,619,563.74. The trade was a 19.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.40% of the company’s stock.

Virtus Investment Partners Trading Up 0.5%

NASDAQ:VRTS opened at $168.12 on Friday. Virtus Investment Partners, Inc. has a fifty-two week low of $121.61 and a fifty-two week high of $203.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The stock has a market capitalization of $1.11 billion, a PE ratio of 9.95 and a beta of 1.37. The business’s 50-day simple moving average is $160.70 and its 200-day simple moving average is $146.51.

Virtus Investment Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $2.45 per share. This is an increase from Virtus Investment Partners’s previous quarterly dividend of $2.40. The ex-dividend date is Friday, October 30th. This represents a $9.80 annualized dividend and a yield of 5.8%. Virtus Investment Partners’s dividend payout ratio is 55.84%.

Analyst Upgrades and Downgrades

VRTS has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Virtus Investment Partners from $141.00 to $135.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. Morgan Stanley reiterated an “underweight” rating and issued a $130.00 target price on shares of Virtus Investment Partners in a report on Wednesday, July 29th. TD Cowen lifted their price target on shares of Virtus Investment Partners from $136.00 to $147.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Finally, Piper Sandler decreased their price target on shares of Virtus Investment Partners from $181.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $145.50.

About Virtus Investment Partners

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.