Nuveen LLC Acquires Shares of 117,445 Virco Manufacturing Corporation $VIRC

Nuveen LLC purchased a new position in Virco Manufacturing Corporation (NASDAQ:VIRC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 117,445 shares of the company’s stock, valued at approximately $1,111,000. Nuveen LLC owned 0.73% of Virco Manufacturing as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VIRC. Graham Capital Management L.P. bought a new stake in shares of Virco Manufacturing in the fourth quarter worth approximately $107,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Virco Manufacturing in the fourth quarter worth approximately $131,000. Two Sigma Advisers LP bought a new stake in shares of Virco Manufacturing in the fourth quarter worth approximately $138,000. Barclays PLC grew its stake in shares of Virco Manufacturing by 15.1% in the fourth quarter. Barclays PLC now owns 16,633 shares of the company’s stock worth $170,000 after acquiring an additional 2,188 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Virco Manufacturing by 23.4% in the fourth quarter. BNP Paribas Financial Markets now owns 19,272 shares of the company’s stock worth $198,000 after acquiring an additional 3,653 shares during the period. 30.97% of the stock is currently owned by institutional investors.

Virco Manufacturing Stock Performance

Shares of NASDAQ VIRC opened at $8.61 on Tuesday. The firm has a 50 day moving average of $8.18 and a 200 day moving average of $8.91. The company has a current ratio of 3.02, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $135.52 million, a price-to-earnings ratio of 6.83 and a beta of 0.40. Virco Manufacturing Corporation has a 12-month low of $7.47 and a 12-month high of $17.31.

Virco Manufacturing (NASDAQ:VIRC) last announced its earnings results on Friday, June 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.12. The company had revenue of $33.75 million during the quarter, compared to analyst estimates of $41.10 million. Virco Manufacturing had a net margin of 7.99% and a return on equity of 17.61%. During the same period in the previous year, the business posted $0.13 earnings per share. On average, research analysts anticipate that Virco Manufacturing Corporation will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Virco Manufacturing to a “hold” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Virco Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

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.