Virco Manufacturing Co. (NASDAQ:VIRC) Director Alexander L. Cappello purchased 15,710 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were purchased at an average cost of $4.40 per share, for a total transaction of $69,124.00. Following the completion of the purchase, the director now directly owns 10,101 shares in the company, valued at $44,444.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ VIRC traded down $0.20 during mid-day trading on Friday, hitting $4.10. The company’s stock had a trading volume of 23,600 shares, compared to its average volume of 8,978. Virco Manufacturing Co. has a 52-week low of $3.55 and a 52-week high of $6.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 2.17. The firm has a market capitalization of $66.04, a price-to-earnings ratio of 12.81 and a beta of 0.07.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Friday, March 23rd will be issued a $0.015 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.06 annualized dividend and a yield of 1.46%. Virco Manufacturing’s payout ratio is 18.75%.
An institutional investor recently raised its position in Virco Manufacturing stock. Northern Trust Corp boosted its holdings in Virco Manufacturing Co. (NASDAQ:VIRC) by 6.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 31,298 shares of the company’s stock after buying an additional 1,760 shares during the period. Northern Trust Corp owned approximately 0.21% of Virco Manufacturing worth $167,000 at the end of the most recent reporting period. 30.22% of the stock is owned by hedge funds and other institutional investors.
VIRC has been the topic of several recent analyst reports. ValuEngine upgraded shares of Virco Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Virco Manufacturing from a “sell” rating to a “hold” rating in a report on Thursday, March 8th.
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Virco Manufacturing Company Profile
Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever and tablet arm chairs, work surfaces and compact footprints, steel-frame rockers, stools, task and classroom chairs, stack and folding chairs, hard plastic seats, upholstered stack and ergonomic chairs, and plastic stack chairs.
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