Ritholtz Wealth Management Sells 16,662 Shares of Virco Mfg. Co. (NASDAQ:VIRC)

Ritholtz Wealth Management lessened its holdings in shares of Virco Mfg. Co. (NASDAQ:VIRC) by 17.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 80,865 shares of the company’s stock after selling 16,662 shares during the period. Ritholtz Wealth Management owned 0.50% of Virco Mfg. worth $829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIRC. Dimensional Fund Advisors LP raised its stake in shares of Virco Mfg. by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 525,456 shares of the company’s stock worth $7,325,000 after acquiring an additional 55,689 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Virco Mfg. by 32.2% in the second quarter. Renaissance Technologies LLC now owns 399,130 shares of the company’s stock valued at $5,564,000 after purchasing an additional 97,300 shares in the last quarter. American Century Companies Inc. raised its position in Virco Mfg. by 45.2% in the 2nd quarter. American Century Companies Inc. now owns 276,298 shares of the company’s stock worth $3,852,000 after purchasing an additional 85,962 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Virco Mfg. by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 240,844 shares of the company’s stock worth $3,327,000 after buying an additional 6,710 shares in the last quarter. Finally, State Street Corp boosted its position in Virco Mfg. by 22.6% in the 3rd quarter. State Street Corp now owns 170,300 shares of the company’s stock valued at $2,356,000 after buying an additional 31,415 shares during the last quarter. 30.97% of the stock is currently owned by institutional investors and hedge funds.

Virco Mfg. Trading Down 2.0 %

NASDAQ:VIRC opened at $10.05 on Monday. The firm has a market capitalization of $163.70 million, a price-to-earnings ratio of 6.48 and a beta of 0.77. Virco Mfg. Co. has a 1-year low of $8.75 and a 1-year high of $18.50. The business’s 50-day moving average price is $12.74 and its two-hundred day moving average price is $14.19. The company has a current ratio of 2.88, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03.

Virco Mfg. (NASDAQ:VIRC) last issued its quarterly earnings data on Monday, December 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). Virco Mfg. had a net margin of 8.93% and a return on equity of 24.63%. During the same quarter last year, the firm posted $0.62 EPS. On average, equities analysts expect that Virco Mfg. Co. will post 1.54 earnings per share for the current year.

Virco Mfg. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.10 annualized dividend and a yield of 1.00%. Virco Mfg.’s dividend payout ratio is presently 6.45%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VIRC shares. StockNews.com cut Virco Mfg. from a “buy” rating to a “hold” rating in a report on Friday. Wedbush restated an “outperform” rating and issued a $17.00 price objective (down from $20.00) on shares of Virco Mfg. in a report on Tuesday, December 10th.

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.