Virco Mfg. Co. (VIRC) To Go Ex-Dividend on March 6th

Virco Mfg. Co. (NASDAQ:VIRCGet Free Report) declared a quarterly dividend on Thursday, February 22nd, Zacks reports. Investors of record on Thursday, March 7th will be given a dividend of 0.02 per share on Wednesday, April 10th. This represents a $0.08 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, March 6th.

Virco Mfg. Trading Up 2.0 %

VIRC opened at $10.75 on Monday. Virco Mfg. has a twelve month low of $3.54 and a twelve month high of $13.08. The company has a 50-day simple moving average of $11.18 and a 200 day simple moving average of $8.24. The company has a quick ratio of 0.96, a current ratio of 2.37 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $175.76 million, a price-to-earnings ratio of 6.21 and a beta of 0.69.

Virco Mfg. (NASDAQ:VIRCGet Free Report) last posted its quarterly earnings data on Friday, December 8th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. Virco Mfg. had a net margin of 10.68% and a return on equity of 36.45%. The business had revenue of $84.25 million during the quarter, compared to analysts’ expectations of $81.30 million. Analysts predict that Virco Mfg. will post 1.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on Virco Mfg.

Insider Activity at Virco Mfg.

In related news, VP Patricia Levine Quinones sold 3,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $12.42, for a total value of $44,712.00. Following the completion of the transaction, the vice president now owns 64,203 shares in the company, valued at approximately $797,401.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 4,300 shares of company stock worth $52,472 in the last quarter. 20.00% of the stock is owned by insiders.

Institutional Trading of Virco Mfg.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIRC. Qube Research & Technologies Ltd acquired a new stake in Virco Mfg. in the 3rd quarter valued at $25,000. Jane Street Group LLC acquired a new stake in Virco Mfg. in the 2nd quarter valued at $57,000. Northern Trust Corp grew its position in Virco Mfg. by 14.8% in the 2nd quarter. Northern Trust Corp now owns 23,108 shares of the company’s stock valued at $96,000 after purchasing an additional 2,974 shares during the period. Citadel Advisors LLC acquired a new stake in Virco Mfg. in the 2nd quarter valued at $105,000. Finally, Millennium Management LLC acquired a new stake in Virco Mfg. in the 4th quarter valued at $110,000. Institutional investors and hedge funds own 18.74% of the company’s stock.

Virco Mfg. Company Profile

(Get Free Report)

Virco Mfg. Corporation designs, produces, and distributes furniture in the United States. It 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.

See Also

Dividend History for Virco Mfg. (NASDAQ:VIRC)

Receive News & Ratings for Virco Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virco Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.