Robert Virtue Buys 2,700 Shares of Virco Manufacturing (NASDAQ:VIRC) Stock

Virco Manufacturing Corporation (NASDAQ:VIRC) CEO Robert Virtue acquired 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were purchased at an average price of $6.22 per share, with a total value of $16,794.00. Following the completion of the transaction, the chief executive officer owned 501,824 shares of the company’s stock, valued at $3,121,345.28. The trade was a 0.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Virco Manufacturing Price Performance

Virco Manufacturing stock opened at $6.09 on Thursday. Virco Manufacturing Corporation has a 12-month low of $5.16 and a 12-month high of $10.62. The stock has a market cap of $95.98 million, a P/E ratio of 35.82 and a beta of 0.27. The company has a 50-day moving average price of $6.18 and a 200 day moving average price of $6.61. The company has a current ratio of 3.09, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03.

Virco Manufacturing (NASDAQ:VIRC) last released its quarterly earnings data on Wednesday, April 8th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.10). Virco Manufacturing had a return on equity of 2.18% and a net margin of 1.29%.The firm had revenue of $26.18 million for the quarter, compared to analyst estimates of $29.61 million. Sell-side analysts anticipate that Virco Manufacturing Corporation will post 1.54 earnings per share for the current year.

Virco Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 20th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, March 20th. Virco Manufacturing’s dividend payout ratio (DPR) is presently 58.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VIRC shares. Weiss Ratings downgraded shares of Virco Manufacturing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 10th. Freedom Capital raised shares of Virco Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Virco Manufacturing has an average rating of “Hold”.

Institutional Investors Weigh In On Virco Manufacturing

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Minerva Advisors LLC raised its stake in shares of Virco Manufacturing by 6.3% in the 4th quarter. Minerva Advisors LLC now owns 1,448,198 shares of the company’s stock valued at $9,254,000 after acquiring an additional 85,696 shares during the period. AQR Capital Management LLC raised its stake in shares of Virco Manufacturing by 25.7% in the 1st quarter. AQR Capital Management LLC now owns 317,915 shares of the company’s stock valued at $3,007,000 after acquiring an additional 64,944 shares during the period. Geode Capital Management LLC raised its stake in shares of Virco Manufacturing by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 265,554 shares of the company’s stock valued at $1,697,000 after acquiring an additional 4,355 shares during the period. North Star Investment Management Corp. raised its stake in shares of Virco Manufacturing by 13.2% in the 3rd quarter. North Star Investment Management Corp. now owns 146,175 shares of the company’s stock valued at $1,133,000 after acquiring an additional 17,000 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of Virco Manufacturing by 3.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 95,057 shares of the company’s stock valued at $607,000 after acquiring an additional 3,095 shares during the period. 30.97% of the stock is owned by hedge funds and other institutional investors.

Virco Manufacturing Company Profile

Virco Manufacturing Corporation (NASDAQ: VIRC) is a leading American manufacturer of furniture, primarily serving the K-12 education market. Headquartered in Torrance, California, the company designs, produces and distributes a comprehensive range of classroom seating, student desks, tables and educational workstations. Over several decades, Virco has built a reputation for durable, cost-effective solutions tailored to the needs of schools, colleges and other institutional customers.

The company’s product portfolio includes molded plastic and wood-seat student chairs, modular and fixed-height desks, multi-purpose tables, computer furniture, laboratory stools and teacher furnishings.