VIRTUS INVESTMENT PARTNERS, INC.
VRTS · Investment Advice · 6.7M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $18M (gross $45M, SBC $27M)
Reference price $144.71 · est. market cap ~$967M — last insider sale, 2026-06-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Virtus Investment Partners — multi-boutique asset manager pressured by outflows.
Strengths
- Solid operating margin (50th pct)
Risks
- Negative free cash flow (10th pct)
- Net outflows and fee pressure
Notable findings
- Cash burnNegative free cash flow (-74.1M)
- Insider buyingInsider buying — 3 open-market buy(s) by 1 insider(s) (~$524,362, last 6mo) Form 4 ↗
- Buying back stockNet buyback — share count -2%/yr over 4y
- Insider sellingInsider selling — 5 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$1M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
19.8%
Net margin
15.9%
Return on equity
14.6%
Return on assets
3.2%
ROIC
10.1%
Revenue growth (QoQ)
-4.1%
Net-income growth
-10.8%
Debt / equity
0.4×
Free cash flow
-$74M
EBITDA
$232M
Tangible book value
$210M
Stock comp / revenue
2.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | Mandinach Barry M. | Sell | 4.5K | $144.71 |
| 2026-06-16 | Mandinach Barry M. | Sell | 500 | $145.25 |
| 2026-05-20 | Weisenseel John C | Grant | 779 | $137.93 |
| 2026-05-20 | MORRIS W HOWARD | Grant | 779 | $137.93 |
| 2026-05-20 | Greig Paul G | Grant | 833 | $137.93 |
| 2026-05-20 | HOLT TIMOTHY A | Grant | 1.4K | $137.93 |
| 2026-05-20 | BAIN PETER L | Grant | 806 | $137.93 |
| 2026-05-20 | JONES MELODY L | Grant | 842 | $137.93 |
| 2026-03-13 | Lieberman Elizabeth A | Tax withheld | 143 | $126.11 |
| 2026-03-13 | Lieberman Elizabeth A | Grant | 2.4K | $126.11 |
| 2026-03-13 | Purkalitis Andra C | Tax withheld | 390 | $126.11 |
| 2026-03-13 | Purkalitis Andra C | Grant | 2.6K | $126.11 |
| 2026-03-13 | Smirl Richard W | Tax withheld | 1.1K | $126.11 |
| 2026-03-13 | Smirl Richard W | Grant | 5.2K | $126.11 |
| 2026-03-13 | Mandinach Barry M. | Tax withheld | 741 | $126.11 |
| 2026-03-13 | Mandinach Barry M. | Grant | 3.1K | $126.11 |
| 2026-03-13 | Angerthal Michael A | Tax withheld | 772 | $126.11 |
| 2026-03-13 | Angerthal Michael A | Grant | 5.2K | $126.11 |
| 2026-03-13 | AYLWARD GEORGE R | Tax withheld | 3.9K | $126.11 |
| 2026-03-13 | AYLWARD GEORGE R | Grant | 13K | $126.11 |
| 2026-03-12 | MORRIS W HOWARD | Buy | 1.9K | $129.62 |
| 2026-03-12 | MORRIS W HOWARD | Buy | 150 | $129.23 |
| 2026-03-12 | MORRIS W HOWARD | Buy | 2.0K | $129.35 |
| 2026-02-11 | Fleming Susan S. | Sell | 1.0K | $142.22 |
| 2026-02-11 | Fleming Susan S. | Sell | 171 | $142.75 |
| 2026-02-11 | Fleming Susan S. | Sell | 2.2K | $142.32 |
| 2025-12-11 | Fleming Susan S. | Sell | 1.8K | $168.49 |
| 2025-12-11 | Fleming Susan S. | Sell | 1.1K | $167.98 |
| 2025-05-14 | Fleming Susan S. | Grant | 652 | $176.23 |
| 2025-05-14 | BAIN PETER L | Grant | 609 | $176.23 |
| 2025-05-14 | Weisenseel John C | Grant | 609 | $176.23 |
| 2025-05-14 | Greig Paul G | Grant | 652 | $176.23 |
| 2025-05-14 | JONES MELODY L | Grant | 659 | $176.23 |
| 2025-05-14 | MORRIS W HOWARD | Grant | 609 | $176.23 |
| 2025-05-14 | HOLT TIMOTHY A | Grant | 1.1K | $176.23 |
| 2025-05-02 | Smirl Richard W | Tax withheld | 435 | $159.23 |
| 2025-03-14 | Mandinach Barry M. | Tax withheld | 686 | $173.32 |
| 2025-03-14 | Mandinach Barry M. | Grant | 1.7K | — |
| 2025-03-14 | Smirl Richard W | Tax withheld | 1.1K | $173.32 |
| 2025-03-14 | Smirl Richard W | Grant | 2.9K | — |
| 2025-03-14 | Lieberman Elizabeth A | Grant | 1.4K | — |
| 2025-03-14 | Angerthal Michael A | Grant | 2.7K | — |
| 2025-03-14 | Purkalitis Andra C | Grant | 1.4K | — |
| 2025-03-14 | AYLWARD GEORGE R | Tax withheld | 3.6K | $173.32 |
| 2025-03-14 | AYLWARD GEORGE R | Grant | 9.2K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (3)
- Infrastructure Capital Advisors
- Reaves Asset Management
- Voya Investment Management
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-20 | Shareholder voteExhibits | filing ↗ |
| 2026-05-14 | Exhibits | filing ↗ |
| 2026-05-01 | ResultsExhibits | filing ↗ |
| 2026-04-17 | Reg FDExhibits | filing ↗ |
| 2026-03-02 | Acquisition/dispositionReg FDExhibits | filing ↗ |
| 2026-02-06 | ResultsExhibits | filing ↗ |
| 2025-12-16 | Other | filing ↗ |
| 2025-12-05 | Material agreementReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-20 | 2026-05-20 | 0000883237-26-000036 ↗ |
| 8-K/A | 2026-05-14 | 2026-03-01 | 0000883237-26-000032 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0000883237-26-000026 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0000883237-26-000020 ↗ |
| 8-K | 2026-04-17 | 2026-04-17 | 0000883237-26-000017 ↗ |
| 8-K | 2026-03-02 | 2026-03-01 | 0000883237-26-000012 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0000883237-26-000009 ↗ |
| 8-K | 2026-02-06 | 2026-02-06 | 0000883237-26-000004 ↗ |
| 8-K | 2025-12-16 | 2025-12-16 | 0000883237-25-000133 ↗ |
| 8-K | 2025-12-05 | 2025-12-05 | 0000883237-25-000131 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0000883237-25-000127 ↗ |
| 8-K | 2025-10-24 | 2025-10-24 | 0000883237-25-000122 ↗ |