Douglas Virtue Buys 3,000 Shares of Virco Manufacturing (NASDAQ:VIRC) Stock

September 16, 2026 by InsiderTrades.com

Key Points

Insider purchase: EVP Douglas Virtue bought 3,000 Virco Manufacturing shares at $6.10 each for $18,300, increasing his direct ownership to 897,408 shares.
Quarterly performance: Virco reported earnings of $0.55 per share, far above the $0.07 consensus estimate, while revenue reached $87.47 million versus expectations of $72.10 million.
Dividend and outlook: The company declared a quarterly dividend of $0.025 per share, representing a 1.6% annualized yield. Analysts remain cautious, with a consensus “Reduce” rating based on Hold and Sell recommendations.

Virco Manufacturing Corporation (NASDAQ:VIRC - Get Free Report) EVP Douglas Virtue purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average cost of $6.10 per share, with a total value of $18,300.00. Following the completion of the acquisition, the executive vice president directly owned 897,408 shares in the company, valued at approximately $5,474,188.80. This represents a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Virco Manufacturing Trading Up 1.3%

Shares of VIRC opened at $6.18 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.43 and a current ratio of 2.53. The company has a market cap of $97.40 million, a price-to-earnings ratio of -38.62 and a beta of 0.20. The stock has a fifty day moving average price of $6.07 and a two-hundred day moving average price of $6.10. Virco Manufacturing Corporation has a 52-week low of $5.16 and a 52-week high of $8.23.

Virco Manufacturing (NASDAQ:VIRC - Get Free Report) last announced its earnings results on Friday, September 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.07 by $0.48. Virco Manufacturing had a negative return on equity of 2.32% and a negative net margin of 1.31%.The company had revenue of $87.47 million for the quarter, compared to analysts' expectations of $72.10 million.

Virco Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $0.10 dividend on an annualized basis and a yield of 1.6%. Virco Manufacturing's dividend payout ratio is currently -62.50%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Freedom Capital downgraded shares of Virco Manufacturing from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 4th. Wall Street Zen raised shares of Virco Manufacturing from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Virco Manufacturing in a report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Virco Manufacturing presently has a consensus rating of "Reduce".

View Our Latest Report on VIRC

Hedge Funds Weigh In On Virco Manufacturing

Several large investors have recently made changes to their positions in VIRC. IFP Advisors Inc lifted its stake in shares of Virco Manufacturing by 101.6% during the second quarter. IFP Advisors Inc now owns 5,857 shares of the company's stock valued at $36,000 after acquiring an additional 2,952 shares during the period. Susquehanna International Group LLP raised its holdings in Virco Manufacturing by 564.4% during the 2nd quarter. Susquehanna International Group LLP now owns 68,437 shares of the company's stock worth $420,000 after purchasing an additional 58,137 shares during the last quarter. Empowered Funds LLC bought a new stake in Virco Manufacturing during the 2nd quarter worth about $245,000. BlackRock Inc. acquired a new position in Virco Manufacturing during the 2nd quarter valued at about $860,000. Finally, Bank of New York Mellon Corp acquired a new position in Virco Manufacturing during the 2nd quarter valued at about $635,000. Institutional investors and hedge funds own 30.97% of the company's stock.

Virco Manufacturing Company Profile

(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.