Walleye Capital LLC Buys Shares of 10,154 Virco Mfg. Co. (NASDAQ:VIRC)

Walleye Capital LLC bought a new stake in shares of Virco Mfg. Co. (NASDAQ:VIRC) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 10,154 shares of the company’s stock, valued at approximately $140,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. MetLife Investment Management LLC increased its holdings in Virco Mfg. by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,231 shares of the company’s stock valued at $86,000 after acquiring an additional 3,511 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Virco Mfg. by 749.8% during the third quarter. BNP Paribas Financial Markets now owns 15,619 shares of the company’s stock worth $216,000 after buying an additional 13,781 shares in the last quarter. D Orazio & Associates Inc. purchased a new stake in shares of Virco Mfg. during the third quarter worth about $191,000. Victory Capital Management Inc. purchased a new stake in shares of Virco Mfg. during the third quarter worth about $226,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Virco Mfg. during the third quarter worth about $1,013,000. 30.97% of the stock is currently owned by hedge funds and other institutional investors.

Virco Mfg. Stock Performance

Shares of NASDAQ VIRC opened at $11.87 on Thursday. The company has a 50-day simple moving average of $14.91 and a 200-day simple moving average of $14.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.26 and a quick ratio of 1.20. Virco Mfg. Co. has a 12 month low of $8.63 and a 12 month high of $18.50. The company has a market cap of $193.35 million, a PE ratio of 7.66 and a beta of 0.68.

Virco Mfg. (NASDAQ:VIRC) last released its earnings results on Monday, December 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.35). Virco Mfg. had a return on equity of 27.88% and a net margin of 9.50%. During the same quarter last year, the firm earned $0.62 earnings per share. On average, equities analysts anticipate that Virco Mfg. Co. will post 1.93 earnings per share for the current year.

Virco Mfg. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a $0.025 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.10 annualized dividend and a dividend yield of 0.84%. Virco Mfg.’s dividend payout ratio is presently 6.45%.

Wall Street Analyst Weigh In

VIRC has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and set a $17.00 price target (down from $20.00) on shares of Virco Mfg. in a report on Tuesday. StockNews.com downgraded shares of Virco Mfg. from a “buy” rating to a “hold” rating in a report on Tuesday.

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.