News coverage about Virtus Investment Partners (NASDAQ:VRTS) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Virtus Investment Partners earned a news impact score of 0.01 on Accern’s scale. Accern also gave headlines about the closed-end fund an impact score of 46.7411556844677 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
NASDAQ VRTS opened at $115.85 on Friday. The firm has a market cap of $846.61, a P/E ratio of 15.08, a P/E/G ratio of 0.30 and a beta of 1.65. The company has a current ratio of 17.17, a quick ratio of 17.17 and a debt-to-equity ratio of 0.50. Virtus Investment Partners has a fifty-two week low of $97.60 and a fifty-two week high of $135.90.
Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, February 2nd. The closed-end fund reported $2.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.42 by $0.18. The company had revenue of $128.00 million for the quarter, compared to the consensus estimate of $127.09 million. Virtus Investment Partners had a return on equity of 13.75% and a net margin of 8.70%. Virtus Investment Partners’s quarterly revenue was up 60.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. equities research analysts anticipate that Virtus Investment Partners will post 12.1 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, April 27th. This represents a $1.80 annualized dividend and a yield of 1.55%. Virtus Investment Partners’s dividend payout ratio (DPR) is presently 23.44%.
VRTS has been the topic of a number of research reports. BidaskClub downgraded Virtus Investment Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Goldman Sachs upgraded Virtus Investment Partners from a “sell” rating to a “neutral” rating and set a $130.00 price target on the stock in a research note on Tuesday, January 9th. Sandler O’Neill set a $132.00 price target on Virtus Investment Partners and gave the stock a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Saturday, January 13th. Finally, Barclays raised their price target on Virtus Investment Partners from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Virtus Investment Partners has a consensus rating of “Hold” and a consensus target price of $139.13.
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About Virtus Investment Partners
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.
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