Today it was reported that the EVP & CFO of Virtus Investment Partners (VRTS), Michael Angerthal, exercised options to buy 4,000 VRTS shares at $9.40 a share, for a total transaction value of $37.6K.
This recent transaction increases Michael Angerthal’s holding in the company by 8.94% to a total of $4.45 million.
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Based on Virtus Investment Partners’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $147 million and quarterly net profit of $27 million. In comparison, last year the company earned revenue of $139 million and had a net profit of $18.79 million. VRTS’s market cap is $675.8M and the company has a P/E ratio of 10.84. Currently, Virtus Investment Partners has an average volume of 65.69K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $125.33, reflecting a 37.2% upside.
Michael Angerthal’s trades have generated a 4.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Virtus Investment Partners, Inc. is an asset management company which provides investment management and related services to individuals and institutions. It offers financial solutions and products such as mutual funds, managed accounts, institutional, closed-end funds, Virtus variable insurance trust funds, and other portfolio.
