Trade Virtus Investment Partners Inc - VRTS CFD

About Virtus Investment Partners Inc

Virtus Investment Partners, Inc. provides investment management and related services to individuals and institutions. The Company offers investments for individual and institutional investors in different product structures and through multiple distribution channels. It provides various asset classes (equity, fixed income and alternative), geographies (domestic, international, and emerging), market capitalizations (large, mid, and small), styles (growth, core, and value) and investment approaches (fundamental, quantitative, and thematic). Its retail products include open-end funds and exchange traded funds (ETFs) as well as closed-end funds and retail separate accounts. Its institutional products are offered through separate accounts and pooled to a variety of institutional clients. It also provides sub advisory services to other investment advisers and serve as the collateral manager for structured products. It distributes its open-end funds and ETFs through financial intermediaries.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Virtus Investment Partners Inc revenues increased 62% to $979.2M. Net income increased from $80M to $208.1M. Revenues reflect Open-end funds segment increase of 59% to $393.7M, Retail separate accounts segment increase of 67% to $174.9M. Net income benefited from Interest expense of CIP decrease of 29% to $60.4M (expense), Other Operating Expens decrease of 66% to $3.6M (expense).

Equity composition

Common Stock $0.01 Par, 12/10, 1B auth., 6,271,821 issd. less 20,000 Treas. @ 924K. Insiders own approx. 34%.