Top 5 Must-Have Finance Stocks According to Parsa Kiai’s Steamboat Capital Partners

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1. Virtus Investment Partners Inc. (NASDAQ:VRTS)

Topping the list of Steamboat Capital Partners’ must-have finance stocks is Virtus Investment Partners Inc (NASDAQ:VRTS), which also ranks as its top overall stock pick. The fund owned 104,264 shares of VRTS on September 30, a 50% hike from a quarter earlier. Hedge fund ownership of the asset management company doubled between mid-2020 and the end of September 2021, while the company’s stock price tripled in value.

One of Billionaire Steve Cohen’s Top 5 Small-Cap Stock Picks, Virtus Investment Partners Inc (NASDAQ:VRTS) grew its assets under management to $187.2 billion at the end of 2021, a 6% increase quarter-over-quarter. However, the boost was primarily attributed to market performance as well as the addition of Westchester Capital Management’s assets, as net flows were close to even during Q4.

Virtus Investment Partners Inc (NASDAQ:VRTS) pulled in $266.3 million in Q4 revenue, which easily topped the lone analyst estimate that called for just $225.7 million. The company also announced an 83% hike to its quarterly cash dividend in August, boosting it to $1.50 per share which gives it a yield of 2.23%.

You can also take a peek at the 10 Best Dividend Paying Stocks To Buy According to David Harding’s Winton Capital Management and 10 Stocks to Buy Amid Rising Interest Rates.

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