Virtus Investment Partners, Inc. (NASDAQ:VRTS) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 3.4% in the 3rd quarter, Holdings Channel reports. The fund owned 1,979 shares of the closed-end fund’s stock after selling 70 shares during the period. Amalgamated Bank’s holdings in Virtus Investment Partners were worth $415,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VRTS. BNP Paribas Financial Markets grew its holdings in Virtus Investment Partners by 59.4% during the 1st quarter. BNP Paribas Financial Markets now owns 3,841 shares of the closed-end fund’s stock valued at $952,000 after purchasing an additional 1,432 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Virtus Investment Partners by 80.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,918 shares of the closed-end fund’s stock valued at $3,451,000 after buying an additional 6,213 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Virtus Investment Partners by 6.3% during the first quarter. ProShare Advisors LLC now owns 1,377 shares of the closed-end fund’s stock worth $341,000 after buying an additional 81 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Virtus Investment Partners in the first quarter worth $517,000. Finally, Bessemer Group Inc. bought a new stake in shares of Virtus Investment Partners in the first quarter worth $57,000. Hedge funds and other institutional investors own 80.52% of the company’s stock.

Virtus Investment Partners Price Performance

Shares of NASDAQ:VRTS opened at $238.00 on Friday. The company has a quick ratio of 15.18, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $215.06 and a 200 day simple moving average of $219.17. Virtus Investment Partners, Inc. 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 $1.67 billion, a PE ratio of 14.47 and a beta of 1.45.

Wall Street Analyst Weigh In

VRTS has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a report on Friday, October 18th. Barclays began coverage on Virtus Investment Partners in a report on Tuesday, August 27th. They issued an “underweight” rating and a $206.00 price objective for the company. Finally, StockNews.com raised Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Virtus Investment Partners presently has a consensus rating of “Hold” and a consensus price target 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.