Credit Suisse Assumes Virtus Investment Partners Inc to Outperform

Brokerage firm Credit Suisse Assumes its rating on Virtus Investment Partners Inc(NASDAQ:VRTS). The shares have been rated Outperform. The rating by Credit Suisse was issued on Jul 14, 2016.

Virtus Investment Partners Inc (VRTS) shares turned negative on Mondays trading session with the shares closing down -0.88 points or -1.07% at a volume of 55,996. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $82.34. The peak price level was also seen at $82.34 while the days lowest was $80.44. Finally the shares closed at $80.99. The 52-week high of the shares is $141.97 while the 52-week low is $66.12. According to the latest information available, the market cap of the company is $669 M.

Virtus Investment Partners Inc has also declared a cash dividend of $0.4500 on May 26, 2016. The shares will quote ex-dividend on Jul 27, 2016 and the record date has been fixed on Jul 29, 2016. The dividend payable date has been fixed on Aug 12, 2016.

Virtus Investment Partners Inc(VRTS) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $80.30M. Analysts had an estimated revenue of $81.30M. Earnings per share were $1.12. Analysts had estimated an EPS of $1.08.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, William Patrick Iii Bradley (SVP, Fund Services) sold 210 shares at $140.00 per share price.

Virtus Investment Partners Inc. (Virtus) is a provider of investment management and related services to individuals and institutions. The Company’s retail products include open-end mutual funds closed-end funds variable insurance funds and separately managed accounts. Its open-end mutual funds are distributed through intermediaries. Its closed-end funds trade on the New York Stock Exchange. Its variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies. Separately managed accounts consists of intermediary programs sponsored and distributed by unaffiliated brokerage firms and private client accounts which are offered to the high net-worth clients of its affiliated managers. The Company also manages institutional accounts for corporations multi-employer retirement funds public employee retirement systems foundations endowments and as a sub-adviser to unaffiliated mutual funds.

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