Stock Analysis

Executive VP & Head of Distribution Of Virtus Investment Partners Sold 46% Of Their Shares

NYSE:VRTS
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Some Virtus Investment Partners, Inc. (NYSE:VRTS) shareholders may be a little concerned to see that the Executive VP & Head of Distribution, Barry Mandinach, recently sold a substantial US$1.9m worth of stock at a price of US$234 per share. That's a big disposal, and it decreased their holding size by 46%, which is notable but not too bad.

Check out our latest analysis for Virtus Investment Partners

The Last 12 Months Of Insider Transactions At Virtus Investment Partners

The Executive VP, Michael Angerthal, made the biggest insider sale in the last 12 months. That single transaction was for US$1.9m worth of shares at a price of US$235 each. That means that an insider was selling shares at around the current price of US$230. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year Virtus Investment Partners insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NYSE:VRTS Insider Trading Volume May 24th 2024

I will like Virtus Investment Partners better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Virtus Investment Partners Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Virtus Investment Partners insiders own 6.0% of the company, currently worth about US$101m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Virtus Investment Partners Insiders?

Insiders haven't bought Virtus Investment Partners stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. On the plus side, Virtus Investment Partners makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Virtus Investment Partners. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Virtus Investment Partners.

Of course Virtus Investment Partners may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.