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Stock impact report

Piper Cuts Virtus (VRTS) Target but Stays Positive on Credit Fundamentals [Yahoo! Finance]

Virtus Investment Partners, Inc. (VRTS) 
Last virtus investment partners, inc. earnings: 5/1 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.virtus.com
Company Research Source: Yahoo! Finance
On December 23, Piper Sandler analyst Crispin Love lowered his price target on Virtus Investment Partners, Inc. (NYSE:VRTS) to $218 from $225 and kept an Overweight rating. The call came as part of Piper's Q4 preview for the asset management group. Deal activity has started to pick up. At the same time, private credit has taken over the conversation, with investors focused on the risk of rising defaults. Love said those fears look overdone. He pointed to fundamentals he described as “solid,” with loan-to-value ratios in the 30%–40% range, which he said offer “substantial cushion against losses.” Earlier, on December 5, Virtus Investment Partners, Inc. (NYSE:VRTS) said it reached a definitive agreement to acquire a majority stake in Keystone National Group. Keystone specializes in asset-centric private credit and was an early mover in bringing those strategies to the wealth channel. The deal expands Virtus' footprint in private markets and adds an asset-backed lending platform to Show less Read more
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