Insider Buying: Virco Manufacturing (NASDAQ:VIRC) EVP Buys 11,678 Shares of Stock

Key Points

• EVP Douglas Virtue purchased 11,678 shares on April 15 at an average price of $6.09 (≈$71,119), raising his direct holdings to 877,866 shares — a 1.35% increase in his position.
• Virco reported Q EPS of -$0.45 (missed consensus by $0.10) on revenue of $26.18M versus $29.61M expected; the stock trades around $6.09 with a market cap near $96M and a 12‑month range of $5.16–$10.62.
• The company pays a quarterly dividend of $0.025 (annualized $0.10, yield 1.6%) and analyst coverage is mixed — one Strong Buy, one Hold and one Sell, producing a MarketBeat consensus of Hold.

Virco Manufacturing Corporation (NASDAQ:VIRC - Get Free Report) EVP Douglas Virtue bought 11,678 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The stock was bought at an average price of $6.09 per share, for a total transaction of $71,119.02. Following the acquisition, the executive vice president directly owned 877,866 shares of the company's stock, valued at $5,346,203.94. The trade was a 1.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Virco Manufacturing Stock Performance

VIRC stock traded up $0.03 on Wednesday, hitting $6.09. The company had a trading volume of 49,737 shares, compared to its average volume of 44,122. Virco Manufacturing Corporation has a 12-month low of $5.16 and a 12-month high of $10.62. The company has a current ratio of 3.09, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. The stock's 50-day simple moving average is $6.19 and its 200 day simple moving average is $6.61. The stock has a market cap of $95.98 million, a price-to-earnings ratio of 35.82 and a beta of 0.27.

Virco Manufacturing (NASDAQ:VIRC - Get Free Report) last issued its earnings results on Wednesday, April 8th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.10). Virco Manufacturing had a return on equity of 2.18% and a net margin of 1.29%.The company had revenue of $26.18 million during the quarter, compared to analysts' expectations of $29.61 million. As a group, equities research analysts expect that Virco Manufacturing Corporation will post 1.54 earnings per share for the current fiscal year.

Virco Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 20th were issued a $0.025 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.10 annualized dividend and a yield of 1.6%. Virco Manufacturing's dividend payout ratio (DPR) is currently 58.82%.

Analysts Set New Price Targets

A number of brokerages have commented on VIRC. Weiss Ratings cut shares of Virco Manufacturing from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. Freedom Capital raised shares of Virco Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Virco Manufacturing has a consensus rating of "Hold".

Institutional Trading of Virco Manufacturing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Virco Manufacturing during the third quarter valued at approximately $41,000. State of Alaska Department of Revenue purchased a new stake in shares of Virco Manufacturing in the fourth quarter worth $47,000. Significant Wealth Partners LLC purchased a new stake in shares of Virco Manufacturing in the third quarter worth $86,000. Barclays PLC increased its stake in shares of Virco Manufacturing by 16.4% in the fourth quarter. Barclays PLC now owns 17,665 shares of the company's stock worth $113,000 after purchasing an additional 2,495 shares in the last quarter. Finally, Park Edge Advisors LLC increased its stake in shares of Virco Manufacturing by 12.9% in the fourth quarter. Park Edge Advisors LLC now owns 18,100 shares of the company's stock worth $116,000 after purchasing an additional 2,072 shares in the last quarter. 30.97% of the stock is owned by hedge funds and other institutional investors.

About Virco Manufacturing

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.

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