Bailard Inc. Purchases New Holdings in Virco Mfg. Co. (NASDAQ:VIRC)

Bailard Inc. acquired a new position in Virco Mfg. Co. (NASDAQ:VIRC) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 15,800 shares of the company’s stock, valued at approximately $190,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Minerva Advisors LLC boosted its position in shares of Virco Mfg. by 12.2% in the 3rd quarter. Minerva Advisors LLC now owns 1,079,874 shares of the company’s stock worth $8,541,000 after purchasing an additional 117,662 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Virco Mfg. during the fourth quarter valued at $309,000. Barclays PLC purchased a new position in Virco Mfg. during the third quarter valued at $74,000. EAM Investors LLC bought a new stake in Virco Mfg. in the third quarter worth $1,479,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Virco Mfg. in the third quarter worth $146,000. Hedge funds and other institutional investors own 30.97% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Virco Mfg. from a “c” rating to a “b” rating in a research note on Wednesday, February 14th.

Virco Mfg. Trading Up 0.1 %

NASDAQ:VIRC opened at $11.00 on Tuesday. Virco Mfg. Co. has a 52 week low of $3.54 and a 52 week high of $13.08. The stock has a market cap of $179.85 million, a price-to-earnings ratio of 8.21 and a beta of 0.68. The company’s 50 day moving average price is $10.46 and its 200-day moving average price is $9.67. The company has a quick ratio of 0.80, a current ratio of 2.31 and a debt-to-equity ratio of 0.05.

Virco Mfg. (NASDAQ:VIRC) last issued its earnings results on Friday, April 12th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Virco Mfg. had a net margin of 8.14% and a return on equity of 26.24%. The business had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $40.70 million. On average, equities research analysts forecast that Virco Mfg. Co. will post 1.6 earnings per share for the current fiscal year.

Virco Mfg. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 7th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.08 annualized dividend and a yield of 0.73%. Virco Mfg.’s payout ratio is 5.97%.

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.