Virtus Investment Partners Inc. Common Stock (VRTS)

FairStock Score: 68/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Virtus is a multi-manager asset manager: 801 employees, serving individuals and institutions across equity, fixed income, real estate, and ETFs. The appeal for a Graham-style investor is the price. At the 2026-10-13 close of $127.97, FairStock calculates a P/E of 7.30, P/B of 0.93, and a Graham Number of $236.29, implying about 45.84% margin of safety. It also labels it an ASSET PLAY because it trades at 0.93× book value. A 7.84% dividend yield is attractive, and the Piotroski F-Score is 9/9. But I don't confuse cheapness with quality. Filed results show fiscal Q2 2026, the quarter ended 2026-06-30, revenue of $201.4M and net income of $44.6M, or $6.68 diluted EPS, but fiscal Q1 2026, the quarter ended 2026-03-31, net income was only $6.2M and $1.05 diluted EPS—volatile, market-sensitive earnings. FY2025 revenue was $852.9M, down from $906.9M in FY2024, and FY2025 net income was $136.0M versus $152.5M. FairStock's reported revenue growth of -8.66% and profit growth of -75.13% confirm the recent pressure. The balance sheet has D/E of 0.45, but trailing free cash flow is -$51.9M and the Altman Z-Score is 0.38, both red flags in FairStock's calculations. The 7.84% dividend looks generous, yet negative FCF makes coverage questionable. FairStock's ROE of 10.67% and ROCE of 1.99% suggest the business is not compounding at high rates. Asset managers can have switching costs and distribution scale, but this one is cyclical and dependent on markets and fund flows. I would call it a statistically cheap asset play, not a wide-moat compounder. Price is modest versus book and earnings, but the declining revenue and cash burn require evidence of stabilization.

In plain English: Virtus is an investment manager that runs stock, bond, real estate, and exchange-traded funds for individuals and institutions. The business has had uneven profits and falling revenue lately, but it still earns money and the stock price looks low compared with its earnings and accounting value. The high dividend is appealing, but weak cash flow and a very low financial safety score make it riskier than the low price alone suggests.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer