Virtus Investment Partners (NASDAQ:VRTS) Price Target Lowered to $258.00 at Piper Sandler

Virtus Investment Partners (NASDAQ:VRTS) had its price target decreased by research analysts at Piper Sandler from $274.00 to $258.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the closed-end fund’s stock. Piper Sandler’s target price suggests a potential upside of 22.20% from the stock’s previous close.

Several other research analysts have also commented on VRTS. StockNews.com lowered shares of Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley raised their price target on shares of Virtus Investment Partners from $224.00 to $228.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Finally, Barclays reduced their price objective on Virtus Investment Partners from $239.00 to $221.00 and set an “underweight” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $238.50.

Virtus Investment Partners Trading Up 0.5 %

Shares of NASDAQ VRTS traded up $1.06 during trading on Tuesday, reaching $211.14. The stock had a trading volume of 9,207 shares, compared to its average volume of 31,497. The business’s 50-day moving average price is $230.10 and its 200-day moving average price is $220.26. Virtus Investment Partners has a fifty-two week low of $190.42 and a fifty-two week high of $263.39. The company has a market cap of $1.48 billion, a P/E ratio of 12.79 and a beta of 1.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP grew its position in shares of Virtus Investment Partners by 388.5% in the 3rd quarter. Quarry LP now owns 127 shares of the closed-end fund’s stock valued at $27,000 after buying an additional 101 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Virtus Investment Partners in the second quarter valued at approximately $42,000. nVerses Capital LLC purchased a new position in Virtus Investment Partners during the 3rd quarter worth $42,000. Blue Trust Inc. lifted its position in Virtus Investment Partners by 138.3% in the third quarter. Blue Trust Inc. now owns 317 shares of the closed-end fund’s stock valued at $72,000 after purchasing an additional 184 shares during the period. Finally, Point72 DIFC Ltd boosted its stake in shares of Virtus Investment Partners by 57.2% in the third quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock valued at $128,000 after buying an additional 222 shares in the last quarter. Hedge funds and other 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.