Key Points
- CEO Robert Virtue bought 2,500 shares on Jan. 13 at $6.32 each (a $15,800 purchase), raising his stake to 495,824 shares — a 0.51% increase valued at about $3.13 million.
- Virco sharply missed quarterly expectations on Dec. 8, reporting EPS of ($0.08) vs. a $0.47 consensus and revenue of $47.64M vs. $85.90M, leaving slim profitability (net margin 1.91%, ROE 3.33%).
- The company pays a small quarterly dividend of $0.025 (annualized $0.10, 1.6% yield, payout ratio ~37%), and trades around $6.32 with a market cap near $99.6M and a 52-week range of $6.01–$12.09.
Virco Manufacturing Corporation (NASDAQ:VIRC - Get Free Report) CEO Robert Virtue purchased 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, January 13th. The stock was purchased at an average price of $6.32 per share, for a total transaction of $15,800.00. Following the acquisition, the chief executive officer owned 495,824 shares of the company's stock, valued at $3,133,607.68. The trade was a 0.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Virco Manufacturing Stock Performance
Shares of NASDAQ:VIRC opened at $6.32 on Wednesday. The company has a current ratio of 3.98, a quick ratio of 1.80 and a debt-to-equity ratio of 0.03. Virco Manufacturing Corporation has a 1-year low of $6.01 and a 1-year high of $12.09. The stock has a market capitalization of $99.61 million, a P/E ratio of 23.41 and a beta of 0.22. The business has a 50-day moving average price of $6.73 and a two-hundred day moving average price of $7.48.
Virco Manufacturing (NASDAQ:VIRC - Get Free Report) last issued its quarterly earnings results on Monday, December 8th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.55). The business had revenue of $47.64 million for the quarter, compared to analyst estimates of $85.90 million. Virco Manufacturing had a return on equity of 3.33% and a net margin of 1.91%. Equities analysts predict that Virco Manufacturing Corporation will post 1.54 earnings per share for the current year.
Virco Manufacturing Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were given a dividend of $0.025 per share. The ex-dividend date was Friday, December 19th. This represents a $0.10 annualized dividend and a dividend yield of 1.6%. Virco Manufacturing's payout ratio is presently 37.04%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on VIRC. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Virco Manufacturing in a research note on Monday, December 29th. Wall Street Zen lowered Virco Manufacturing from a "hold" rating to a "sell" rating in a research report on Saturday, December 13th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".
Get Our Latest Research Report on Virco Manufacturing
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC raised its position in shares of Virco Manufacturing by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 60,101 shares of the company's stock worth $480,000 after purchasing an additional 1,464 shares during the period. Bridgeway Capital Management LLC lifted its stake in Virco Manufacturing by 3.4% in the second quarter. Bridgeway Capital Management LLC now owns 87,221 shares of the company's stock valued at $696,000 after buying an additional 2,882 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Virco Manufacturing in the third quarter valued at approximately $41,000. Goldman Sachs Group Inc. increased its position in shares of Virco Manufacturing by 9.5% during the first quarter. Goldman Sachs Group Inc. now owns 62,829 shares of the company's stock worth $594,000 after acquiring an additional 5,436 shares in the last quarter. Finally, Inspire Advisors LLC raised its holdings in shares of Virco Manufacturing by 13.2% during the second quarter. Inspire Advisors LLC now owns 53,900 shares of the company's stock worth $430,000 after acquiring an additional 6,275 shares during the period. 30.97% of the stock is owned by institutional investors and hedge funds.
About Virco Manufacturing
(
Get Free Report)
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.
Further Reading
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