Ritholtz Wealth Management Sells 32,182 Shares of Virco Manufacturing Corporation (NASDAQ:VIRC)

Ritholtz Wealth Management trimmed its holdings in shares of Virco Manufacturing Corporation (NASDAQ:VIRC - Free Report) by 39.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 48,683 shares of the company's stock after selling 32,182 shares during the period. Ritholtz Wealth Management owned approximately 0.30% of Virco Manufacturing worth $461,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Virco Manufacturing by 11.4% during the 4th 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 period. Two Sigma Investments LP bought a new position in shares of Virco Manufacturing during the 4th quarter worth about $417,000. Focus Partners Wealth bought a new position in shares of Virco Manufacturing during the 4th quarter worth about $562,000. Two Sigma Advisers LP bought a new position in shares of Virco Manufacturing during the 4th quarter worth about $138,000. Finally, Minerva Advisors LLC lifted its holdings in shares of Virco Manufacturing by 5.5% during the 4th quarter. Minerva Advisors LLC now owns 1,162,589 shares of the company's stock worth $11,870,000 after acquiring an additional 60,900 shares during the period. 30.97% of the stock is owned by institutional investors.

Virco Manufacturing Stock Performance

Shares of Virco Manufacturing stock opened at $8.15 on Friday. The stock has a market capitalization of $128.28 million, a P/E ratio of 6.47 and a beta of 0.34. The company has a quick ratio of 0.65, a current ratio of 3.02 and a debt-to-equity ratio of 0.04. The company has a 50-day simple moving average of $8.78 and a 200 day simple moving average of $10.03. Virco Manufacturing Corporation has a 12-month low of $7.79 and a 12-month high of $18.50.

Virco Manufacturing (NASDAQ:VIRC - Get Free Report) last announced its earnings results on Friday, June 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.12. The business had revenue of $33.75 million during the quarter, compared to analysts' expectations of $41.10 million. Virco Manufacturing had a net margin of 7.99% and a return on equity of 17.61%. During the same quarter last year, the company posted $0.13 EPS. Research analysts expect that Virco Manufacturing Corporation will post 1.54 earnings per share for the current fiscal year.

Virco Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, June 20th. Virco Manufacturing's dividend payout ratio (DPR) is currently 7.94%.

Wall Street Analyst Weigh In

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

Virco Manufacturing Company 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.

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