Virtus Investment Partners (NASDAQ:VRTS) opened at 102.35 on Friday. Virtus Investment Partners has a 1-year low of $69.59 and a 1-year high of $128.10. The firm has a market cap of $715.32 million, a price-to-earnings ratio of 16.04 and a beta of 1.84. The firm’s 50-day moving average price is $105.44 and its 200-day moving average price is $111.13. Virtus Investment Partners (NASDAQ:VRTS) last released its quarterly earnings data on Friday, April 28th. The closed-end fund reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by $0.46. The company had revenue of $79.78 million for the quarter, compared to analyst estimates of $80.67 million. Virtus Investment Partners had a return on equity of 9.22% and a net margin of 15.04%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS.
Virtus Investment Partners Inc (NASDAQ:VRTS) – Equities research analysts at Jefferies Group cut their Q2 2017 earnings per share (EPS) estimates for Virtus Investment Partners in a research report issued to clients and investors on Tuesday. Jefferies Group analyst S. Thind now forecasts that the closed-end fund will post earnings per share of $1.48 for the quarter, down from their previous estimate of $1.87. Jefferies Group has a “Hold” rating and a $110.00 price objective on the stock. Jefferies Group also issued estimates for Virtus Investment Partners’ Q4 2017 earnings at $2.37 EPS, FY2017 earnings at $7.33 EPS and FY2018 earnings at $10.42 EPS.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, July 27th. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 28.66%. Large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its stake in Virtus Investment Partners by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 1,320 shares of the closed-end fund’s stock valued at $129,000 after buying an additional 20 shares during the period. Mason Street Advisors LLC boosted its stake in Virtus Investment Partners by 23.9% in the first quarter. Mason Street Advisors LLC now owns 1,515 shares of the closed-end fund’s stock valued at $160,000 after buying an additional 292 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Virtus Investment Partners by 17.6% in the first quarter. BNP Paribas Arbitrage SA now owns 1,627 shares of the closed-end fund’s stock valued at $172,000 after buying an additional 244 shares during the period. Koch Industries Inc. acquired a new stake in Virtus Investment Partners during the first quarter valued at about $203,000. Finally, Trexquant Investment LP acquired a new stake in Virtus Investment Partners during the first quarter valued at about $220,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.
Virtus Investment Partners Company Profile Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.
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