BUZZ-Virtus Investment Partners slides after Q4 results

Virtus Investment Partners, Inc. -1.85% Post

Virtus Investment Partners, Inc.

VRTS

140.79

140.79

-1.85%

0.00% Post

** Shares of investment management firm Virtus Investment Partners VRTS.N fall $4.43% to $144.28

** Co posts revenue of $208 million in the three months ended December 31, compared with $234 million, a year earlier

** Reports Q4 adj EPS of $6.50 in the three months ended December 31, compared with adj EPS $7.50, a year earlier

** Institutional sales fell to $1.4 bln from $2.0 bln in Q3, reflecting weaker demand amid reduced collateralized loan obligation issuance

** 1 of 4 analysts rate stock "strong buy" or "buy", 1 "hold" and 2 "sell"; their median PT is $169.50 - data compiled by LSEG

** Including session's move, VRTS down 24.8% in the last 12 months.