EntryPoint Capital LLC Boosts Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

EntryPoint Capital LLC boosted its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 75.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,461 shares of the closed-end fund’s stock after purchasing an additional 1,486 shares during the quarter. Virtus Investment Partners comprises about 0.3% of EntryPoint Capital LLC’s holdings, making the stock its 17th biggest holding. EntryPoint Capital LLC’s holdings in Virtus Investment Partners were worth $763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VRTS. Asset Management One Co. Ltd. grew its holdings in shares of Virtus Investment Partners by 2,902.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,423 shares of the closed-end fund’s stock valued at $763,000 after buying an additional 3,309 shares during the last quarter. Jane Street Group LLC boosted its stake in Virtus Investment Partners by 592.0% during the 3rd quarter. Jane Street Group LLC now owns 9,218 shares of the closed-end fund’s stock valued at $1,931,000 after purchasing an additional 7,886 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Virtus Investment Partners by 17.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,818 shares of the closed-end fund’s stock worth $1,074,000 after purchasing an additional 733 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Virtus Investment Partners by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 145,386 shares of the closed-end fund’s stock worth $30,451,000 after purchasing an additional 3,651 shares during the last quarter. Finally, Private Client Services LLC purchased a new position in shares of Virtus Investment Partners in the fourth quarter worth $799,000. 80.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays reduced their price objective on Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. Piper Sandler reduced their price target on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. StockNews.com upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, Morgan Stanley cut their target price on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $225.75.

Virtus Investment Partners Price Performance

NASDAQ VRTS opened at $178.86 on Tuesday. The company has a 50-day moving average price of $189.57 and a 200-day moving average price of $210.76. Virtus Investment Partners, Inc. has a 52 week low of $167.13 and a 52 week high of $263.39. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.25 billion, a P/E ratio of 10.58 and a beta of 1.49.

Virtus Investment Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Wednesday, April 30th. Virtus Investment Partners’s dividend payout ratio is presently 53.25%.

Virtus Investment Partners Company Profile

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.