Wedbush Securities Inc. lowered its stake in shares of Virco Manufacturing Corp. (NASDAQ:VIRC) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,729,336 shares of the company’s stock after selling 6,689 shares during the period. Virco Manufacturing Corp. comprises approximately 1.1% of Wedbush Securities Inc.’s portfolio, making the stock its 5th largest position. Wedbush Securities Inc. owned 11.39% of Virco Manufacturing Corp. worth $7,263,000 at the end of the most recent reporting period.
Separately, Vanguard Group Inc. increased its position in shares of Virco Manufacturing Corp. by 4.7% in the second quarter. Vanguard Group Inc. now owns 213,291 shares of the company’s stock valued at $928,000 after buying an additional 9,608 shares in the last quarter. 27.97% of the stock is currently owned by hedge funds and other institutional investors.
Virco Manufacturing Corp. (NASDAQ:VIRC) remained flat at $4.15 during trading on Monday. The company’s stock had a trading volume of 1,391 shares. The company has a 50-day moving average of $4.32 and a 200 day moving average of $4.22. The stock has a market capitalization of $62.99 million, a PE ratio of 15.49 and a beta of 0.26. Virco Manufacturing Corp. has a 52 week low of $2.86 and a 52 week high of $4.94.
Virco Manufacturing Corp. (NASDAQ:VIRC) last issued its quarterly earnings results on Wednesday, September 14th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Virco Manufacturing Corp. had a return on equity of 11.82% and a net margin of 2.42%. The business earned $61.40 million during the quarter. Analysts predict that Virco Manufacturing Corp. will post $0.36 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of Virco Manufacturing Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th.
Virco Manufacturing Corp. Company Profile