Company Quick10K Filing
Virtus Investment Partners
10-Q 2020-03-31 Filed 2020-05-06
10-K 2019-12-31 Filed 2020-02-27
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-06
10-K 2018-12-31 Filed 2019-02-27
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-02-27
10-Q 2017-09-30 Filed 2017-11-06
10-Q 2017-06-30 Filed 2017-08-08
10-Q 2017-03-31 Filed 2017-05-08
10-K 2016-12-31 Filed 2017-02-27
10-Q 2016-09-30 Filed 2016-11-07
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-03
10-K 2015-12-31 Filed 2016-02-24
10-Q 2015-09-30 Filed 2015-10-30
10-Q 2015-06-30 Filed 2015-07-31
10-Q 2015-03-31 Filed 2015-05-11
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-07-29
10-Q 2014-03-31 Filed 2014-05-07
10-K 2013-12-31 Filed 2014-02-24
10-Q 2013-09-30 Filed 2013-11-04
10-Q 2013-06-30 Filed 2013-08-02
10-Q 2013-03-31 Filed 2013-05-07
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-07
10-Q 2012-06-30 Filed 2012-08-07
10-Q 2012-03-31 Filed 2012-05-08
10-K 2011-12-31 Filed 2012-03-01
10-Q 2011-09-30 Filed 2011-11-04
10-Q 2011-06-30 Filed 2011-08-05
10-Q 2011-03-31 Filed 2011-05-05
10-K 2010-12-31 Filed 2011-03-01
10-Q 2010-09-30 Filed 2010-11-04
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-04
10-K 2009-12-31 Filed 2010-03-08
8-K 2020-05-01 Earnings, Exhibits
8-K 2020-02-09 Officers, Exhibits
8-K 2020-01-31 Earnings, Exhibits
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

Quarterly | Annual

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, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

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
Victory Capital (VCTR) 1,263 0% 19.7 4% 1,792 1,285 490 0 69 113 2,221
BrightSphere Investment Group (BSIG) 1,236 0% 8.7 10% 1,356 1,304 886 0 137 205 1,779
Focus Financial Partners (FOCS) 1,113 0% 40.2 1% 2,645 1,831 1,138 0 19 26 1,062
Virtus Investment Partners (VRTS) 939 0% 7.3 2% 3,113 2,344 555 0 77 130 952
Pzena Investment (PZN) 620 0% 10.9 28% 178 82 112 0 49 53 584
Och-Ziff (OZM) 606 0% 13.4 2% 1,214 907 326 0 27 59 783
Diamond Hill Investment Group (DHIL) 467 0% 5.9 16% 290 56 101 0 45 60 349
Westwood Holdings (WHG) 287 0% 17.3 5% 177 27 92 0 9 13 229
Value Line (VALU) 247 0% 13.1 12% 102 50 38 0 13 18 242
Silvercrest Asset Management (SAMG) 120 0% 3.4 8% 203 108 99 0 16 23 79
Hennessy Advisors (HNNA) 76 0% 4.0 10% 110 35 43 0 11 17 69
US Global Investors (GROW) 33 0% -4.8 -28% 20 2 5 0 -6 -6 29
Manning & Napier (MN) 30 61% -4.0 6% 223 70 103 62 13 15 -58
KKR (KKR) 0% 5.5 5% 57,645 29,060 2,980 0 2,941 3,979 22,024
BrightSphere Investment (BSA) 0% -1.3 8% 1,432 1,280 405 0 111 93 -125
PJT Partners (PJT) 0% -1.7 4% 856 322 647 0 38 62 -108
Puhui Wealth Investment (PHCF) 0% 14 3 0 0 0 0 -0
Hamilton Lane (HLNE) 0% -0.0 23% 445 241 262 0 103 139 -6
Medley LLC (MDLQ) 0% 0.5 -15% 75 166 51 0 -11 -2 -1

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash37394533494346712452722371711742031681961431086724817983252179386233136181220255198251279
Accounts Receivable25262731333337424547505454535053434039383637363859626663688070747274
Inventory
PP&E6657771688717787199992498825712123111111244202019
Assets1511512862782873123333153436026455866416966996807228278607819759308241,0132,2922,7422,5912,5382,6902,8842,8712,8453,0673,113
Accounts Payable645667891011
Long-Term Debt1515151515151515150915315500300248249245245339318306292
Liabilities63686854607585677711711072116113112801072382762354824294654161,6452,0741,9811,9092,0462,1652,1692,1402,3432,344
Stockholders' Equity5348183224226237244245256466493510515561564565559540510506466470322552574584589609624644630634651666
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue49555662747279861101001061081201181121041009286808082808094124128129133152138131140146
Cost of Revenue
Gross Profit
R&D
SG&A0000
Tax00-04107-168913141414-21511810986714210257974911
Net Income3-314151712-281417212722203718209-4612916121402152423281222825
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating717-926-225-52843-33-58-1143-2526-152-3890-5332-1570-158-79-62-9353-23-12041
Cash Investing-0-3-2-1-1-2-2-4-0-0-1-1-5-1-1-3-1-18-2-25-394-0-28-2237-127-2-419
Cash Financing-4-8-1-9-3-3-11117024-0-820-13-94122290-13-127179252366-46-14100114-31177-32