Nisa Investment Advisors LLC Sells 3,800 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Nisa Investment Advisors LLC lessened its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 84.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 710 shares of the closed-end fund’s stock after selling 3,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Virtus Investment Partners were worth $149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in Virtus Investment Partners by 6,550.0% during the 2nd quarter. Blue Trust Inc. now owns 133 shares of the closed-end fund’s stock worth $33,000 after acquiring an additional 131 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Virtus Investment Partners during the 2nd quarter valued at about $42,000. nVerses Capital LLC bought a new stake in shares of Virtus Investment Partners during the 3rd quarter valued at about $42,000. Bessemer Group Inc. acquired a new stake in Virtus Investment Partners during the first quarter worth approximately $57,000. Finally, EntryPoint Capital LLC increased its holdings in Virtus Investment Partners by 625.6% in the first quarter. EntryPoint Capital LLC now owns 312 shares of the closed-end fund’s stock worth $77,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

Analyst Upgrades and Downgrades

VRTS has been the topic of a number of research analyst reports. Barclays began coverage on Virtus Investment Partners in a report on Tuesday, August 27th. They set an “underweight” rating and a $206.00 price target on the stock. Piper Sandler cut their target price on shares of Virtus Investment Partners from $267.00 to $264.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Finally, Morgan Stanley lifted their price target on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an “underweight” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $233.50.

Virtus Investment Partners Trading Up 9.3 %

NASDAQ VRTS opened at $238.93 on Thursday. The company has a quick ratio of 15.18, a current ratio of 15.18 and a debt-to-equity ratio of 0.28. Virtus Investment Partners, Inc. has a 52 week low of $190.42 and a 52 week high of $263.39. The business has a 50 day moving average price of $210.25 and a 200-day moving average price of $218.64. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 14.52 and a beta of 1.45.

Virtus Investment Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st will be issued a dividend of $2.25 per share. This is an increase from Virtus Investment Partners’s previous quarterly dividend of $1.90. The ex-dividend date is Thursday, October 31st. This represents a $9.00 annualized dividend and a yield of 3.77%. Virtus Investment Partners’s dividend payout ratio is presently 54.71%.

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.