VRTS Stock Summary and Trading Ideas (Virtus Investment Partners | NYSE:VRTS)

Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of the U.S. and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.

Virtus Investment Partners trades on the NYSE stock market under the symbol VRTS.

As of April 24, 2024, VRTS stock price climbed to $234.70 with 35,712 million shares trading.

VRTS has a beta of 1.52, meaning it tends to be more sensitive to market movements. VRTS has a correlation of 0.29 to the broad based SPY ETF.

VRTS has a market cap of $1.67 billion. This is considered a Small Cap stock.

Last quarter Virtus Investment Partners reported $215 million in Revenue and $6.11 earnings per share. This beat revenue expectation by $17 million and exceeded earnings estimates by $.15.

In the last 3 years, VRTS stock traded as high as $338.80 and as low as $141.80.

The top ETF exchange traded funds that VRTS belongs to (by Net Assets): IJR, VTI, VB, IWM, SCHD.

VRTS has outperformed the market in the last year with a price return of +27.9% while the SPY ETF gained +24.2%. However, in the short term, VRTS had mixed performance relative to the market. It has underperformed in the last 3 months, returning -2.5% vs +4.6% return in SPY. But in the last 2 weeks, VRTS shares have fared better than the market returning -2.1% compared to SPY -2.7%.

VRTS support price is $226.21 and resistance is $240.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VRTS stock will trade within this expected range on the day.