Today’s Shorts Alert: Virtus Investment Partners Incorporated (NASDAQ:VRTS) Reports Increase in Sellers; Strong Momentum for Short Players

December 1, 2016 - By Dolores Ford   ·   0 Comments

Today's Shorts Alert: Virtus Investment Partners Incorporated (NASDAQ:VRTS) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Virtus Investment Partners Incorporated (NASDAQ:VRTS) registered an increase of 1.67% in short interest. VRTS’s total short interest was 811,000 shares in December as published by FINRA. Its up 1.67% from 797,700 shares, reported previously. With 87,500 shares average volume, it will take short sellers 9 days to cover their VRTS’s short positions. The short interest to Virtus Investment Partners Incorporated’s float is 10.93%. The stock increased 0.35% or $0.4 during the last trading session, hitting $115.8. Virtus Investment Partners Inc (NASDAQ:VRTS) has risen 69.87% since April 28, 2016 and is uptrending. It has outperformed by 63.94% the S&P500.

Virtus Investment Partners, Inc. is a well-known provider of investment management and related services to individuals and institutions. The company has a market cap of $677.20 million. The Firm provides its products in various forms and through multiple distribution channels. It has a 22.36 P/E ratio. The Company’s retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities and separately managed accounts.

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.45, from 0.66 in 2016Q1. The ratio is positive, as 16 funds sold all Virtus Investment Partners Inc shares owned while 42 reduced positions. 9 funds bought stakes while 29 increased positions. They now own 7.73 million shares or 30.15% more from 5.94 million shares in 2016Q1.
Price T Rowe Assocs Md holds 2,944 shares or 0% of its portfolio. Moreover, Ny State Common Retirement Fund has 0% invested in Virtus Investment Partners Inc (NASDAQ:VRTS) for 15,434 shares. Macquarie Grp holds 11,790 shares or 0% of its portfolio. Wfg Advsrs Lp holds 10 shares or 0% of its portfolio. Alliancebernstein Limited Partnership holds 0% of its portfolio in Virtus Investment Partners Inc (NASDAQ:VRTS) for 11,523 shares. Royal National Bank & Trust Of Canada, a Ontario – Canada-based fund reported 109,360 shares. State Street holds 0% or 114,429 shares in its portfolio. Blackrock Grp Limited owns 8,639 shares or 0% of their US portfolio. Tiaa Cref Investment Llc last reported 19,946 shares in the company. California State Teachers Retirement owns 13,121 shares or 0% of their US portfolio. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Na accumulated 0% or 184,736 shares. Wells Fargo & Com Mn owns 123,419 shares or 0% of their US portfolio. Ubs Asset Mgmt Americas Incorporated, a Illinois-based fund reported 3,494 shares. Kbc Grp Inc Nv accumulated 645 shares or 0% of the stock.

Insider Transactions: Since October 27, 2016, the stock had 0 insider buys, and 1 insider sale for $161.54 million net activity. Shares for $161.54M were sold by BANK OF MONTREAL /CAN/ on Thursday, October 27.

Virtus Investment Partners Inc (NASDAQ:VRTS) Ratings Coverage

Out of 5 analysts covering Virtus Investment Partners (NASDAQ:VRTS), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. Virtus Investment Partners has been the topic of 11 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Sandler O’Neill on Monday, November 2. The stock of Virtus Investment Partners Inc (NASDAQ:VRTS) earned “Neutral” rating by Credit Suisse on Monday, October 31. As per Tuesday, August 4, the company rating was downgraded by Raymond James. On Friday, July 15 the stock rating was upgraded by Credit Suisse to “Outperform”. As per Thursday, March 10, the company rating was downgraded by Jefferies. Zacks upgraded Virtus Investment Partners Inc (NASDAQ:VRTS) on Tuesday, September 22 to “Hold” rating. The stock of Virtus Investment Partners Inc (NASDAQ:VRTS) has “Hold” rating given on Tuesday, September 1 by Sandler O’Neill.

VRTS Company Profile

Virtus Investment Partners, Inc. (Virtus), incorporated on October 1, 2008, is a well-known provider of investment management and related services to individuals and institutions. The Firm provides investment management and related services to individuals and institutions throughout the United States. The Firm provides its products in various forms and through multiple distribution channels. The Company’s 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. The Company’s open-end mutual funds are distributed through intermediaries. The Company’s closed-end funds trade on the New York Stock Exchange. The Company’s 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.

More news for Virtus Investment Partners Inc (NASDAQ:VRTS) were recently published by: Prnewswire.com, which released: “Virtus Investment Partners Announces Self-Tender Offer For Up To $75.0 Million …” on May 09, 2016. Prnewswire.com‘s article titled: “Virtus Investment Partners Announces Final Results of Tender Offer” and published on June 14, 2016 is yet another important article.

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By Dolores Ford


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