Virtus Investmen Stock Price, News & Analysis

Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported preliminary assets under management of $157.2 billion as of November 30, 2022. Additionally, the firm oversees $2.6 billion in other fee-earning assets not included in its AUM total. Key product types show significant growth compared to October 31, 2022, with open-end funds at $56.7 billion, institutional accounts rising to $52.7 billion, and retail separate accounts climbing to $36.9 billion. This growth highlights the company's robust investment management capabilities.

Virtus Investment Partners (NASDAQ: VRTS) announced a quarterly cash dividend of $1.65 per share for Q4 2022, set to be paid on February 15, 2023. Shareholders of record by January 31, 2023 will be eligible. Future dividend declarations will depend on Board approval. This reflects the company's commitment to returning value to shareholders amidst its multi-boutique asset management operations.

On December 6, 2022, Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08, payable on December 19, 2022. The fund's Managed Distribution Plan aims to maintain consistent distribution levels, potentially funded from net investment income and realized capital gains. However, recent estimates indicate that distributions may exceed actual net income, suggesting a return of capital could be involved.

The fund reported a 12.77% annualized current distribution rate with a fiscal year-to-date cumulative total return on NAV of -1.45%.

Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) has announced monthly distributions of $0.07 per share for three consecutive months, starting December 2022 through February 2023. The ex-dates for the distributions are December 12, January 6, and February 10, with record dates following shortly after. The payable dates are set for December 23, January 20, and February 24, respectively. The press release emphasizes that these amounts are estimates and subject to changes based on the fund's fiscal performance and tax regulations.

Virtus Global Multi-Sector Income Fund (NYSE: VGI) has announced monthly distributions of $0.08 per share for December 2022, January 2023, and February 2023. The ex-dates for these distributions are December 9, 2022, January 5, 2023, and February 10, 2023, with record dates following shortly after. The distributions are estimates and the actual amounts may vary based on the Fund’s investment performance. Investors will receive a Form 1099-DIV for tax reporting purposes. The Fund aims to maximize current income while preserving capital through diversified holdings in fixed-income sectors.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) announced monthly distributions of $0.06 per share for December 2022, January 2023, and February 2023. The relevant ex-dates, record dates, and payable dates are provided. These amounts are estimates for informational purposes and may change due to the Fund's investment performance and tax regulations. The Fund aims to maximize total return through emerging markets securities. Investors are cautioned that distributions may differ from their actual tax reporting amounts.

Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 for December 2022, January 2023, and February 2023. The fund operates under a Managed Distribution Plan, potentially distributing amounts from net investment income, capital gains, or Fund assets. Notably, the Fund has indicated distributions may include a return of capital, implying that some returns may not reflect investment performance. For October 2022, the average annual total return on NAV over five years stood at 0.91%, with a fiscal year-to-date annualized distribution rate of 13.81%.

Virtus Investment Partners reported preliminary assets under management of $149.5 billion as of October 31, 2022, an increase from $144.97 billion in September 2022. The company also manages additional fee-earning assets totaling $2.5 billion. Breakdown by product type reveals open-end funds at $55.39 billion, closed-end funds at $10.46 billion, retail separate accounts at $35.23 billion, and institutional accounts at $48.42 billion, indicating overall growth in managed assets.

Virtus Investment Partners reported Q3 2022 earnings with diluted EPS of $4.25, down 42% year-over-year. Total sales declined 25% to $5.7B, while net outflows reached $3.3B, impacting assets under management, which fell 18% to $145B. Operating income decreased 53% to $44M amidst rising operating expenses, which saw a 5% increase. The company announced an agreement to acquire AlphaSimplex, anticipated to finalize in Q1 2023, potentially enhancing their alternative investment offerings.