Virtus Investment's Q3 results delay could weigh on stock, TD Cowen says

** Boutique investment manager Virtus Investment Partners VRTS.N late Wednesday rescheduled Q3 earnings to November 9 from October 30, citing need for additional time to complete its quarter-end financial reporting process

** TD Cowen analysts say announcement is a bit unusual and likely adds uncertainty, potentially weighing on stock

** While it is not unusual for companies to shift either the dates of reporting or accompanying conference call times to adjust for overlap, "the delay seems a bit of a head scratcher" - TD Cowen

** One of four brokerages rates the stock "buy", one "hold" and two "sell"; median PT $128 - LSEG data

** As of last close, VRTS shares down 24.6% YTD