In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Virtus Investment Partners Inc. (NASDAQ:VRTS) reported that Vulcan Value Partners, Llc. has picked up 855,501 of common stock as of 2017-05-10.
The acquisition brings the aggregate amount owned by Vulcan Value Partners, Llc. to a total of 855,501 representing less than 12.24% stake in the company.
For those not familiar with the company, Virtus Investment Partners, Inc. (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its 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. 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.
A glance at Virtus Investment Partners Inc. (NASDAQ:VRTS)’s key stats reveals a current market capitalization of 724.63 Million based on 6.99 Million shares outstanding and a price at last close of $103.20 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-09-05, Angerthal picked up 135 at a purchase price of $179.77. This brings their total holding to 34,614 as of the date of the filing.
On the sell side, the most recent transaction saw Bank unload 1,727,746 shares at a sale price of $93.50. This brings their total holding to 150.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Virtus Investment Partners Inc. (NASDAQ:VRTS) as things move forward to see if its progress aligns with these transactions.
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