State of Alaska Department of Revenue Buys 278 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

State of Alaska Department of Revenue lifted its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 5.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,252 shares of the closed-end fund’s stock after acquiring an additional 278 shares during the period. State of Alaska Department of Revenue owned approximately 0.07% of Virtus Investment Partners worth $1,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in shares of Virtus Investment Partners by 1,488.2% during the 1st quarter. Captrust Financial Advisors now owns 270 shares of the closed-end fund’s stock worth $64,000 after acquiring an additional 253 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Virtus Investment Partners by 145.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 258 shares of the closed-end fund’s stock worth $72,000 after purchasing an additional 153 shares during the period. StoneX Group Inc. purchased a new position in Virtus Investment Partners in the 2nd quarter worth $202,000. Squarepoint Ops LLC purchased a new position in Virtus Investment Partners in the 2nd quarter worth $209,000. Finally, Profund Advisors LLC purchased a new position in Virtus Investment Partners in the 2nd quarter worth $218,000. 82.42% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Virtus Investment Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 2nd. Morgan Stanley upgraded shares of Virtus Investment Partners from an “equal weight” rating to an “overweight” rating and set a $400.00 target price on the stock in a research report on Thursday, August 5th.

VRTS stock opened at $316.00 on Thursday. The company has a 50-day moving average price of $318.95. Virtus Investment Partners, Inc. has a 12-month low of $177.16 and a 12-month high of $338.80. The stock has a market capitalization of $2.40 billion, a PE ratio of 12.56 and a beta of 1.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 15.51 and a quick ratio of 19.39.

Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Wednesday, October 27th. The closed-end fund reported $9.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.61 by $0.10. Virtus Investment Partners had a net margin of 22.79% and a return on equity of 32.07%. The firm had revenue of $217.67 million for the quarter, compared to analysts’ expectations of $219.35 million. During the same quarter in the previous year, the company earned $4.49 earnings per share. On average, research analysts expect that Virtus Investment Partners, Inc. will post 35.41 EPS for the current fiscal year.

In other Virtus Investment Partners news, EVP William Patrick Bradley III sold 300 shares of the business’s stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $333.75, for a total value of $100,125.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.50% of the stock is currently owned by insiders.

About Virtus Investment Partners

Virtus Investment Partners, Inc is an asset management company, which engages in the provision of investment management and related services to individuals and institutions. It offers financial solutions and products such as mutual funds, managed accounts, institutional, closed-end funds, Virtus variable insurance trust funds, and other portfolio.

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

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