Company Quick10K Filing
Virtus Investment Partners
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 8 $880
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-06 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-02-27 Annual: 2017-12-31
10-Q 2017-11-06 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-08 Quarter: 2017-03-31
10-K 2017-02-27 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-03 Quarter: 2016-03-31
10-K 2016-02-24 Annual: 2015-12-31
10-Q 2015-10-30 Quarter: 2015-09-30
10-Q 2015-07-31 Quarter: 2015-06-30
10-Q 2015-05-11 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-07-29 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-K 2014-02-24 Annual: 2013-12-31
10-Q 2013-11-04 Quarter: 2013-09-30
10-Q 2013-08-02 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-01 Annual: 2012-12-31
10-Q 2012-11-07 Quarter: 2012-09-30
10-Q 2012-08-07 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-03-01 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-03-01 Annual: 2010-12-31
10-Q 2010-11-04 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-04 Quarter: 2010-03-31
10-K 2010-03-08 Annual: 2009-12-31
8-K 2020-01-09 Officers, Exhibits
8-K 2019-10-25 Earnings, Exhibits
8-K 2019-09-29 Officers, Exhibits
8-K 2019-07-26 Earnings, Exhibits
8-K 2019-05-15 Officers, Shareholder Vote, Exhibits
8-K 2019-04-26 Earnings, Exhibits
8-K 2019-04-10 Regulation FD, Exhibits
8-K 2019-02-01 Earnings, Exhibits
8-K 2018-10-26 Earnings, Exhibits
8-K 2018-07-27 Earnings, Exhibits
8-K 2018-07-02 Off-BS Arrangement
8-K 2018-06-11 Regulation FD, Exhibits
8-K 2018-05-15 Shareholder Vote
8-K 2018-04-27 Earnings, Exhibits
8-K 2018-03-26 Accountant, Exhibits
8-K 2018-02-15 Enter Agreement, Exhibits
8-K 2018-02-14 Amend Bylaw, Exhibits
8-K 2018-02-07 Enter Agreement
8-K 2018-02-02 Earnings, Exhibits

Virtus Investment Partners Financials

VRTS Metrics, Comps, Filings

Annual | Quarterly

Business

Virtus Investment Partners, Inc. (the "Company"), a Delaware corporation, commenced operations on November 1, 1995 through a reverse merger of the investment management subsidiary of Phoenix Life Insurance Company ("Phoenix") with Duff & Phelps Corporation. The Company was a majority-owned subsidiary of Phoenix from 1995 to 2001 and a wholly owned subsidiary from 2001 until 2008. On December 31, 2008, the Company became an independent publicly traded company as a result of Phoenix's distribution of 100% of Virtus common stock to Phoenix stockholders in a spin-off transaction.

We provide investment management and related services to individuals and institutions. We use a multi-manager, multi-style approach, offering investment strategies from affiliated managers, each having its own distinct investment style, autonomous investment process and individual brand. By offering a broad array of products, we believe we can appeal to a greater number of investors and have offerings across market cycles and through changes in investor preferences. Our earnings are primarily driven by asset-based fees charged for services relating to these products including investment management, fund administration, distribution and shareholder services.

We offer investment strategies for individual and institutional investors in different product structures and through multiple distribution channels. Our investment strategies are available in a diverse range of styles and disciplines, managed by a collection of differentiated investment managers. We have offerings in various asset classes (domestic and international equity, fixed income and alternative), market capitalizations (large, mid and small), styles (growth, core and value) and investment approaches (fundamental, quantitative and thematic). Our retail products include U.S. 1940 Act mutual funds, Undertaking for Collective Investment in Transferable Securities ("UCITS" or "offshore funds" and collectively with U.S. 1940 Act mutual funds, "open-end funds") exchange traded funds ("ETFs"), closed-end funds (collectively, "funds") and retail separate accounts. Our institutional products include a variety of equity and fixed income strategies for corporations, multi-employer retirement funds, public employee retirement systems, foundations and endowments. We also provide subadvisory services to other investment advisors.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Noah Holdings (NOAH) 1,324 0% 8,014 1,839 0 0 0 0 -1,382
BrightSphere Investment Group (BSIG) 1,236 0% 8.0 10% 1,356 1,304 886 0 137 223 1,779
Virtus Investment Partners (VRTS) 880 0% 6.2 3% 3,067 2,343 561 0 80 150 935
Och-Ziff (OZM) 790 0% 17.4 1% 1,364 950 496 0 17 54 940
Pzena Investment (PZN) 622 0% 9.9 32% 167 76 115 0 54 59 587
Diamond Hill Investment Group (DHIL) 480 0% 4.8 18% 306 54 138 0 55 77 368
Westwood Holdings (WHG) 288 0% 9.9 7% 179 26 102 0 13 24 232
Value Line (VALU) 247 0% 14.3 12% 101 52 37 0 12 17 243
Manning & Napier (MN) 137 29% 5.2 5% 221 72 110 31 12 15 80
Silvercrest Asset Management (SAMG) 116 0% 2.8 10% 151 69 96 0 16 23 65
Hennessy Advisors (HNNA) 79 0% 4.0 11% 109 34 46 0 12 18 74
US Global Investors (GROW) 27 0% -8.5 -13% 24 2 5 0 -3 -3 23
Medley (MDLY) 14 0% 2.7 -9% 76 165 55 0 -7 5 14
Victory Capital (VCTR) 1 0% 1.5 8% 841 354 383 0 63 121 186
BrightSphere Investment (BSA)
Puhui Wealth Investment (PHCF)
Medley LLC (MDLQ)
PJT Partners (PJT) 0% -1.5 4% 802 282 612 0 36 57 -84
Moelis (MC) -0.6 22% 715 402 0 0 155 190 -109
Focus Financial Partners (FOCS) 0% -1.4 1% 2,421 1,605 1,069 0 13 28 -38

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash45272203101233255
Accounts Receivable2737505039366670
Inventory
PP&E58177981120
Assets2863336456998608242,5912,871
Accounts Payable58
Long-Term Debt6801530
Liabilities68011011227641,9812,169
Stockholders' Equity183244493564510322589630
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue20528038945138212426552
Cost of Revenue
Gross Profit
R&D
SG&A0
Tax-13227452332174033
Net Income14538779731494076
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating244029-59-20931-183-63
Cash Investing-4-5-6-8-63-417-121
Cash Financing-18-16185-1110-48750204