Director Morris W Howard buys 4,050 shares at $129.47 avg for $524,362.50; stock down 41.4% from 52-week high.
Morris W Howard, a Director at Virtus Investment Partners, executed three separate purchases totaling 4,050 shares for $524,362.50 at a blended average price of $129.47 on 2026-03-12. The stock has declined 41.4% from its 52-week high of $213.98 and is down 24.7% over the past 90 days, trading at $125.42—below Howard's average purchase price. The company trades at a P/E of 6.71 against a market cap of $839.8M, with recent fundamentals showing annual revenue growth of -6.0% and latest quarterly revenue of $216.4M. The purchase occurs at depressed price levels relative to recent highs and while revenue is declining, though the company remains profitable with $31.3M in latest quarterly net income.