Gator Capital Management LLC Buys 2,590 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Gator Capital Management LLC raised its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,915 shares of the closed-end fund’s stock after purchasing an additional 2,590 shares during the period. Virtus Investment Partners accounts for 1.7% of Gator Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Gator Capital Management LLC owned 0.30% of Virtus Investment Partners worth $4,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VRTS. Envestnet Asset Management Inc. acquired a new stake in Virtus Investment Partners in the 4th quarter valued at $280,000. ExodusPoint Capital Management LP lifted its position in Virtus Investment Partners by 322.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 11,736 shares of the closed-end fund’s stock valued at $2,589,000 after acquiring an additional 8,960 shares in the last quarter. Trexquant Investment LP bought a new stake in Virtus Investment Partners during the 4th quarter worth approximately $209,000. Villanova Investment Management Co LLC lifted its holdings in shares of Virtus Investment Partners by 10.7% in the fourth quarter. Villanova Investment Management Co LLC now owns 11,436 shares of the closed-end fund’s stock valued at $2,523,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Virtus Investment Partners during the fourth quarter valued at approximately $1,014,000. Institutional investors and hedge funds own 80.52% of the company’s stock.

Virtus Investment Partners Trading Down 2.2 %

NASDAQ:VRTS opened at $158.16 on Friday. 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 company has a market cap of $1.10 billion, a P/E ratio of 9.36 and a beta of 1.36. Virtus Investment Partners, Inc. has a 1 year low of $151.77 and a 1 year high of $252.82. The stock’s fifty day moving average price is $182.74 and its two-hundred day moving average price is $208.88.

Virtus Investment Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 annualized dividend and a yield of 5.69%. Virtus Investment Partners’s dividend payout ratio is currently 53.25%.

Wall Street Analyst Weigh In

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

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.