WINTON GROUP Ltd Has $1.01 Million Position in Virco Mfg. Co. (NASDAQ:VIRC)

WINTON GROUP Ltd lifted its holdings in Virco Mfg. Co. (NASDAQ:VIRC) by 34.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,360 shares of the company’s stock after buying an additional 25,212 shares during the period. WINTON GROUP Ltd owned about 0.60% of Virco Mfg. worth $1,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VIRC. IFP Advisors Inc purchased a new stake in Virco Mfg. in the 4th quarter worth about $30,000. Quantbot Technologies LP acquired a new position in shares of Virco Mfg. in the 4th quarter valued at about $70,000. MetLife Investment Management LLC lifted its position in shares of Virco Mfg. by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,231 shares of the company’s stock worth $86,000 after purchasing an additional 3,511 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Virco Mfg. during the third quarter worth approximately $90,000. Finally, Walleye Capital LLC purchased a new position in Virco Mfg. during the third quarter valued at approximately $140,000. Hedge funds and other institutional investors own 30.97% of the company’s stock.

Analysts Set New Price Targets

VIRC has been the subject of a number of research reports. StockNews.com raised shares of Virco Mfg. from a “hold” rating to a “buy” rating in a research note on Saturday. Wedbush reiterated an “outperform” rating and set a $17.00 price objective (down from $20.00) on shares of Virco Mfg. in a report on Tuesday, December 10th.

Virco Mfg. Trading Down 1.3 %

Shares of NASDAQ VIRC opened at $9.53 on Friday. The business has a 50 day simple moving average of $10.59 and a 200 day simple moving average of $12.46. Virco Mfg. Co. has a 52 week low of $9.08 and a 52 week high of $18.50. The stock has a market cap of $155.23 million, a price-to-earnings ratio of 6.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.70 and a current ratio of 2.88.

Virco Mfg. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, March 26th. This represents a $0.10 annualized dividend and a dividend yield of 1.05%. Virco Mfg.’s dividend payout ratio (DPR) is 6.45%.

Virco Mfg. announced that its board has initiated a stock repurchase plan on Tuesday, January 21st that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.