Virtus Investment Partners (NASDAQ:VRTS) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Virtus Investment Partners (NASDAQ:VRTS) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other analysts have also issued reports on the stock. Barclays began coverage on shares of Virtus Investment Partners in a research note on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price target for the company. Morgan Stanley boosted their target price on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $233.50.

Virtus Investment Partners Trading Up 1.2 %

Shares of VRTS opened at $241.53 on Tuesday. Virtus Investment Partners has a one year low of $190.42 and a one year high of $263.39. The stock has a 50-day moving average price of $213.45 and a 200 day moving average price of $218.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 15.18 and a current ratio of 11.86. The company has a market capitalization of $1.70 billion, a P/E ratio of 14.68 and a beta of 1.45.

Institutional Trading of Virtus Investment Partners

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of Virtus Investment Partners by 6,550.0% in the 2nd quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund’s stock valued at $33,000 after buying an additional 131 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Virtus Investment Partners in the second quarter valued at approximately $42,000. nVerses Capital LLC bought a new position in shares of Virtus Investment Partners during the third quarter valued at approximately $42,000. Bessemer Group Inc. acquired a new stake in shares of Virtus Investment Partners during the 1st quarter worth approximately $57,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Virtus Investment Partners by 625.6% in the 1st quarter. EntryPoint Capital LLC now owns 312 shares of the closed-end fund’s stock worth $77,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 80.52% of the company’s stock.

About Virtus Investment Partners

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.