Zuckerman Investment Group buys $16,240,723 stake in Virtus Investment Partners Inc (VRTS)

Virtus Investment Partners Inc (VRTS) : Zuckerman Investment Group scooped up 7,097 additional shares in Virtus Investment Partners Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 182,173 shares of Virtus Investment Partners Inc which is valued at $16,240,723.Virtus Investment Partners Inc makes up approximately 4.11% of Zuckerman Investment Group’s portfolio.

Other Hedge Funds, Including , Norges Bank reduced its stake in VRTS by selling 5,093 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 68,931 shares of VRTS which is valued at $6,145,199.Tiaa Cref Investment Management reduced its stake in VRTS by selling 2,373 shares or 10.63% in the most recent quarter. The Hedge Fund company now holds 19,946 shares of VRTS which is valued at $1,778,186. Hartford Financial Management sold out all of its stake in VRTS during the most recent quarter. The investment firm sold 14 shares of VRTS which is valued $1,146.

Virtus Investment Partners Inc opened for trading at $89.15 and hit $92.03 on the upside on Monday, eventually ending the session at $89.22, with a gain of 0.62% or 0.55 points. The heightened volatility saw the trading volume jump to 1,46,487 shares. Company has a market cap of $689 M.

On the company’s financial health, Virtus Investment Partners Inc reported $1.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $1.32. The company had revenue of $80.09 million for the quarter, compared to analysts expectations of $79.05 million. The company’s revenue was down -19.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.21 EPS.

Many Wall Street Analysts have commented on Virtus Investment Partners Inc. Virtus Investment Partners Inc was Upgraded by Credit Suisse to ” Outperform” on Jul 15, 2016.

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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