14,052 Shares in Virco Mfg. Co. (NASDAQ:VIRC) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. purchased a new stake in Virco Mfg. Co. (NASDAQ:VIRC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,052 shares of the company’s stock, valued at approximately $194,000. Principal Financial Group Inc. owned 0.09% of Virco Mfg. as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Algert Global LLC raised its position in shares of Virco Mfg. by 17.2% in the second quarter. Algert Global LLC now owns 12,158 shares of the company’s stock worth $169,000 after buying an additional 1,785 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Virco Mfg. by 115.6% in the 1st quarter. Lazard Asset Management LLC now owns 3,450 shares of the company’s stock valued at $37,000 after acquiring an additional 1,850 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Virco Mfg. during the 2nd quarter valued at about $36,000. Ritholtz Wealth Management grew its holdings in shares of Virco Mfg. by 7.0% during the third quarter. Ritholtz Wealth Management now owns 97,527 shares of the company’s stock worth $1,347,000 after purchasing an additional 6,399 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Virco Mfg. by 12.5% in the third quarter. Inspire Investing LLC now owns 58,300 shares of the company’s stock worth $805,000 after purchasing an additional 6,481 shares during the last quarter. 30.97% of the stock is owned by institutional investors.

Virco Mfg. Trading Up 4.7 %

Shares of Virco Mfg. stock opened at $16.58 on Tuesday. The company has a 50 day simple moving average of $14.55 and a two-hundred day simple moving average of $14.63. The firm has a market cap of $270.07 million, a PE ratio of 10.05 and a beta of 0.65. Virco Mfg. Co. has a 1 year low of $6.26 and a 1 year high of $18.50. 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. (NASDAQ:VIRC) last posted its quarterly earnings data on Monday, September 9th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $108.42 million during the quarter, compared to the consensus estimate of $115.90 million. Virco Mfg. had a net margin of 9.50% and a return on equity of 27.88%. Analysts expect that Virco Mfg. Co. will post 1.93 earnings per share for the current fiscal year.

Virco Mfg. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Virco Mfg.’s previous quarterly dividend of $0.02. This represents a $0.10 annualized dividend and a dividend yield of 0.60%. Virco Mfg.’s dividend payout ratio is 6.06%.

About Virco Mfg.

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.