Quest Partners LLC Grows Stock Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Quest Partners LLC grew its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 15.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,555 shares of the closed-end fund’s stock after acquiring an additional 1,268 shares during the period. Quest Partners LLC owned about 0.13% of Virtus Investment Partners worth $2,001,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VRTS. MQS Management LLC bought a new position in Virtus Investment Partners during the 3rd quarter valued at approximately $227,000. Victory Capital Management Inc. raised its holdings in shares of Virtus Investment Partners by 1.0% during the third quarter. Victory Capital Management Inc. now owns 98,626 shares of the closed-end fund’s stock valued at $20,657,000 after acquiring an additional 947 shares in the last quarter. WCM Investment Management LLC lifted its stake in Virtus Investment Partners by 4.0% in the third quarter. WCM Investment Management LLC now owns 113,892 shares of the closed-end fund’s stock worth $23,670,000 after acquiring an additional 4,359 shares during the period. Meritage Portfolio Management lifted its stake in Virtus Investment Partners by 36.1% in the third quarter. Meritage Portfolio Management now owns 22,321 shares of the closed-end fund’s stock worth $4,675,000 after acquiring an additional 5,919 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in Virtus Investment Partners by 11.9% in the third quarter. QRG Capital Management Inc. now owns 1,174 shares of the closed-end fund’s stock valued at $246,000 after acquiring an additional 125 shares in the last quarter. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VRTS has been the subject of several research analyst reports. Morgan Stanley raised their target price on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. StockNews.com upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Barclays began coverage on Virtus Investment Partners in a report on Tuesday, August 27th. They set an “underweight” rating and a $206.00 target price on the stock. 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $233.50.

Virtus Investment Partners Trading Down 0.9 %

Shares of NASDAQ VRTS opened at $235.97 on Tuesday. Virtus Investment Partners, Inc. has a 1 year low of $190.42 and a 1 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 firm has a 50-day moving average of $215.06 and a 200 day moving average of $219.15. The stock has a market cap of $1.66 billion, a P/E ratio of 9.53 and a beta of 1.45.

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.