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

EntryPoint Capital LLC raised its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 75.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,461 shares of the closed-end fund’s stock after purchasing an additional 1,486 shares during the quarter. Virtus Investment Partners accounts for about 0.3% of EntryPoint Capital LLC’s investment portfolio, making the stock its 17th largest position. 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 hedge funds have also modified their holdings of VRTS. Quarry LP lifted its stake in shares of Virtus Investment Partners by 388.5% during 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings in Virtus Investment Partners by 170.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 200 shares of the closed-end fund’s stock valued at $44,000 after acquiring an additional 126 shares during the period. R Squared Ltd purchased a new position in shares of Virtus Investment Partners in the fourth quarter valued at about $75,000. KBC Group NV boosted its stake in shares of Virtus Investment Partners by 61.2% in the fourth quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock worth $87,000 after acquiring an additional 150 shares during the period. Finally, Point72 DIFC Ltd grew its position in shares of Virtus Investment Partners by 57.2% during the third quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock worth $128,000 after purchasing an additional 222 shares in the last quarter. 80.52% of the stock is currently owned by institutional investors.

Virtus Investment Partners Stock Up 1.9 %

Shares of VRTS opened at $178.86 on Tuesday. 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 stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.58 and a beta of 1.49. Virtus Investment Partners, Inc. has a 1 year low of $167.13 and a 1 year high of $263.39. The business’s 50 day simple moving average is $189.57 and its 200-day simple moving average is $210.76.

Virtus Investment Partners Announces Dividend

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

Analyst Ratings Changes

VRTS has been the topic of a number of research analyst reports. Barclays lowered their price target on Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. Morgan Stanley lowered their target price 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. StockNews.com raised shares of 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 target on shares of Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Virtus Investment Partners currently has an average rating of “Hold” and a consensus target price of $225.75.

Virtus Investment Partners 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.