40,664 Shares in Virco Mfg. Co. (NASDAQ:VIRC) Bought by Two Sigma Investments LP

Two Sigma Investments LP purchased a new stake in shares of Virco Mfg. Co. (NASDAQ:VIRC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 40,664 shares of the company's stock, valued at approximately $417,000. Two Sigma Investments LP owned about 0.25% of Virco Mfg. as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Minerva Advisors LLC grew its holdings in Virco Mfg. by 5.5% during the fourth quarter. Minerva Advisors LLC now owns 1,162,589 shares of the company's stock valued at $11,870,000 after purchasing an additional 60,900 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Virco Mfg. by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 684,378 shares of the company's stock valued at $7,015,000 after acquiring an additional 58,753 shares during the period. American Century Companies Inc. boosted its position in shares of Virco Mfg. by 15.4% in the fourth quarter. American Century Companies Inc. now owns 453,107 shares of the company's stock valued at $4,644,000 after acquiring an additional 60,403 shares during the period. Millennium Management LLC boosted its position in shares of Virco Mfg. by 7.3% in the fourth quarter. Millennium Management LLC now owns 366,968 shares of the company's stock valued at $3,761,000 after acquiring an additional 25,032 shares during the period. Finally, Bastion Asset Management Inc. bought a new stake in shares of Virco Mfg. in the fourth quarter valued at approximately $1,603,000. Institutional investors and hedge funds own 30.97% of the company's stock.

Wall Street Analysts Forecast Growth

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

Virco Mfg. Stock Performance

Shares of VIRC traded down $0.33 during mid-day trading on Friday, hitting $7.92. The company's stock had a trading volume of 55,341 shares, compared to its average volume of 173,413. The firm has a market capitalization of $127.41 million, a PE ratio of 5.11 and a beta of 0.34. Virco Mfg. Co. has a one year low of $7.86 and a one year high of $18.50. The stock's 50-day moving average is $8.93 and its two-hundred day moving average is $10.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.70 and a current ratio of 2.88.

Virco Mfg. (NASDAQ:VIRC - Get Free Report) last issued its earnings results on Friday, June 6th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.12. The firm had revenue of $33.75 million during the quarter, compared to analysts' expectations of $41.10 million. Virco Mfg. had a return on equity of 24.63% and a net margin of 8.93%. During the same period last year, the business earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Virco Mfg. Co. will post 1.54 EPS for the current year.

Virco Mfg. 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 $0.025 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $0.10 annualized dividend and a yield of 1.26%. Virco Mfg.'s dividend payout ratio (DPR) is currently 7.94%.

Virco Mfg. 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.