Huber Capital Management buys $62,238,111 stake in Virtus Investment Partners Inc (VRTS)

Virtus Investment Partners Inc (VRTS) : Huber Capital Management scooped up 141,402 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 698,128 shares of Virtus Investment Partners Inc which is valued at $62,238,111.Virtus Investment Partners Inc makes up approximately 2.41% of Huber Capital Management’s portfolio.

Other Hedge Funds, Including , Zuckerman Investment Group boosted its stake in VRTS in the latest quarter, The investment management firm added 7,097 additional shares and 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 approx 4.11% of Zuckerman Investment Group’s portfolio.Vanguard Group Inc boosted its stake in VRTS in the latest quarter, The investment management firm added 4,606 additional shares and now holds a total of 588,674 shares of Virtus Investment Partners Inc which is valued at $52,480,287.California Public Employees Retirement System reduced its stake in VRTS by selling 1,300 shares or 5.65% in the most recent quarter. The Hedge Fund company now holds 21,700 shares of VRTS which is valued at $1,934,772. Louisiana State Employees Retirement System sold out all of its stake in VRTS during the most recent quarter. The investment firm sold 2,900 shares of VRTS which is valued $243,571.

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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