33,018 Shares in Virco Mfg. Co. (NASDAQ:VIRC) Purchased by PharVision Advisers LLC

PharVision Advisers LLC bought a new stake in shares of Virco Mfg. Co. (NASDAQ:VIRC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 33,018 shares of the company's stock, valued at approximately $338,000. PharVision Advisers LLC owned 0.20% of Virco Mfg. at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC lifted its stake in shares of Virco Mfg. by 25.8% in the 3rd quarter. Barclays PLC now owns 14,445 shares of the company's stock valued at $200,000 after purchasing an additional 2,961 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Virco Mfg. by 510.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,221 shares of the company's stock valued at $417,000 after acquiring an additional 25,269 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Virco Mfg. by 11.8% during the 4th quarter. Rhumbline Advisers now owns 16,653 shares of the company's stock worth $171,000 after buying an additional 1,753 shares during the last quarter. Principal Financial Group Inc. increased its stake in Virco Mfg. by 11.4% during the fourth quarter. Principal Financial Group Inc. now owns 15,656 shares of the company's stock worth $160,000 after acquiring an additional 1,604 shares during the last quarter. Finally, IFP Advisors Inc acquired a new stake in shares of Virco Mfg. during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 30.97% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Virco Mfg. from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd.

Virco Mfg. Stock Up 0.5%

VIRC stock traded up $0.04 during midday trading on Tuesday, hitting $8.24. The company's stock had a trading volume of 6,277 shares, compared to its average volume of 183,514. Virco Mfg. Co. has a 52-week low of $8.11 and a 52-week high of $18.50. The firm has a 50-day simple moving average of $9.24 and a 200-day simple moving average of $10.92. The company has a quick ratio of 1.70, a current ratio of 2.88 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $132.54 million, a P/E ratio of 5.32 and a beta of 0.37.

Virco Mfg. (NASDAQ:VIRC - Get Free Report) last released its earnings results on Monday, April 14th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.20). Virco Mfg. had a return on equity of 24.63% and a net margin of 8.93%. The firm had revenue of $28.47 million for the quarter, compared to analysts' expectations of $43.00 million. As a group, equities analysts forecast that Virco Mfg. Co. will post 1.54 EPS for the current year.

Virco Mfg. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Wednesday, March 26th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, March 26th. Virco Mfg.'s dividend payout ratio (DPR) is presently 7.46%.

Virco Mfg. Profile

Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs.