Quest Partners LLC Buys 1,268 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Quest Partners LLC grew its stake in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 15.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 9,555 shares of the closed-end fund’s stock after acquiring an additional 1,268 shares during the period. Quest Partners LLC’s holdings in Virtus Investment Partners were worth $2,001,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VRTS. Blue Trust Inc. increased its stake in Virtus Investment Partners by 6,550.0% during the 2nd quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Virtus Investment Partners during the second quarter valued at approximately $42,000. nVerses Capital LLC purchased a new position in Virtus Investment Partners in the 3rd quarter worth approximately $42,000. Bessemer Group Inc. bought a new position in Virtus Investment Partners in the 1st quarter valued at approximately $57,000. Finally, EntryPoint Capital LLC boosted its stake in Virtus Investment Partners by 625.6% during the 1st quarter. EntryPoint Capital LLC now owns 312 shares of the closed-end fund’s stock valued at $77,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Stock Down 0.9 %

Virtus Investment Partners stock opened at $235.97 on Tuesday. Virtus Investment Partners, Inc. has a one year low of $190.42 and a one year high of $263.39. The stock has a fifty day moving average of $215.06 and a 200 day moving average of $219.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The stock has a market cap of $1.66 billion, a PE ratio of 9.53 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Barclays started coverage on shares of Virtus Investment Partners in a research note on Tuesday, August 27th. They set an “underweight” rating and a $206.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $233.50.

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.