Virtus Investment Partners gains on stock buyback plan

Virtus Investment Partners

19/05/2022 15:16

** Shares of asset manager up as much as 1.4% at $177.47
    ** Co says board has authorized plan to buy back an
additional 750,000 common shares  urn:newsml:reuters.com:*:nPn45qTWta
    ** Also announces quarterly dividend of $1.50, payable on
Aug. 15
    ** On Wednesday, VRTS shares dropped 3.3% after Piper
Sandler said market volatility will weigh on profits for 2022
and 2023  urn:newsml:reuters.com:*:nL3N2XA2D9
    **  YTD, VRTS shares have shed 41%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))