4,107 Shares in Virtus Investment Partners, Inc. (NASDAQ:VRTS) Acquired by Kennondale Capital Management LLC

Kennondale Capital Management LLC acquired a new position in Virtus Investment Partners, Inc. (NASDAQ:VRTS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,107 shares of the closed-end fund’s stock, valued at approximately $906,000. Kennondale Capital Management LLC owned 0.06% of Virtus Investment Partners at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VRTS. Quarry LP lifted its stake in Virtus Investment Partners by 388.5% in the third 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 period. Smartleaf Asset Management LLC grew 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 worth $44,000 after buying an additional 126 shares in the last quarter. R Squared Ltd bought a new stake in Virtus Investment Partners during the fourth quarter worth $75,000. KBC Group NV grew its stake in Virtus Investment Partners by 61.2% in the 4th quarter. KBC Group NV now owns 395 shares of the closed-end fund’s stock valued at $87,000 after purchasing an additional 150 shares during the period. Finally, Point72 DIFC Ltd grew its stake in Virtus Investment Partners by 57.2% in the 3rd quarter. Point72 DIFC Ltd now owns 610 shares of the closed-end fund’s stock valued at $128,000 after purchasing an additional 222 shares during the period. 80.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley reduced their price objective on Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a research note 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 research note 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 dropped their price target on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $225.75.

Virtus Investment Partners Stock Up 1.8 %

Shares of NASDAQ VRTS opened at $176.48 on Tuesday. Virtus Investment Partners, Inc. has a one year low of $167.13 and a one year high of $263.39. 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 business’s fifty day moving average price is $193.73 and its 200-day moving average price is $212.02. The stock has a market capitalization of $1.23 billion, a PE ratio of 10.44 and a beta of 1.49.

Virtus Investment Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $2.25 per share. The ex-dividend date is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a yield of 5.10%. Virtus Investment Partners’s dividend payout ratio (DPR) is 53.25%.

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.