Virtus Investment Partners (NASDAQ:VRTS) changed 2.12% to recent value of $123.46. The stock transacted 89921 shares during most recent day however it has an average volume of 58.53K shares. It spotted trading -2.44% off 52-week high price. On the other end, the stock has been noted 76.37% away from the low price over the last 52-weeks.
On Dec. 19, 2019, Seix Investment Advisors, an affiliate of Virtus Investment Partners (NASDAQ:VRTS) with $18.8 billion of fixed income assets under management as of September 30, 2019, notified the pricing of Mountain View CLO XV, a $406.4 million collateralized loan obligation (CLO). The CLO is expected to close in the first quarter of 2020.
Mountain View CLO XV is a managed cash flow CLO whose issued notes are collateralized primarily by broadly syndicated leveraged loans. The CLO has a two-year non-call provision and a five-year reinvestment period with a final maturity of 13 years. George K. Goudelias, managing director, head of leveraged finance, is the portfolio manager and John Wu, managing director, structured capital markets, managed the issuance of the CLO.
Seix, which launched its leveraged loan strategy in 2006, manages eight CLOs with approximately $3.4 billion in assets in addition to Mountain View CLO XV.
Goldman Sachs was the sole structuring and placement agent for this transaction.
About Seix Investment Advisors
Seix Investment Advisors is an investment management boutique and affiliated manager of Virtus Investment Partners that has been focused exclusively on managing leveraged finance and investment-grade fixed income strategies since 1992. Seix seeks to generate competitive absolute and relative risk-adjusted returns over the full market cycle through a bottom-up focused, top-down aware process. Seix employs multi-dimensional approaches based on strict portfolio construction methodology, sell disciplines and trading strategies with prudent risk management as a cornerstone. The firm provides investment management services to a client base that includes endowments, foundations, corporations, healthcare organizations, public funds, insurance companies, and high net worth individuals, in the US and abroad.
VRTS has an operating margin of 20.90% while its profit margin remained 12.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 36.70% for this year while earning per share for the next 5-years is expected to reach at 6.60%.
The company has 6.92M of outstanding shares and 6.50M shares were floated in the market. According to the most recent quarter its current ratio was 3.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.55% from the mean of 20 days, 11.14% from mean of 50 days SMA and performed 13.47% from mean of 200 days price. Company’s performance for the week was 2.49%, 5.49% for month and YTD performance remained 55.43%.