D.A. Davidson & CO. Sells 30,800 Shares of Virco Mfg. Co. (NASDAQ:VIRC)

D.A. Davidson & CO. cut its stake in shares of Virco Mfg. Co. (NASDAQ:VIRC - Free Report) by 23.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,933 shares of the company's stock after selling 30,800 shares during the quarter. D.A. Davidson & CO. owned approximately 0.63% of Virco Mfg. worth $1,422,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. D Orazio & Associates Inc. acquired a new position in shares of Virco Mfg. in the 3rd quarter worth approximately $191,000. Victory Capital Management Inc. bought a new position in Virco Mfg. during the third quarter worth $226,000. Los Angeles Capital Management LLC acquired a new position in Virco Mfg. in the third quarter valued at $1,013,000. Principal Financial Group Inc. bought a new stake in Virco Mfg. during the third quarter valued at $194,000. Finally, Janney Montgomery Scott LLC bought a new stake in Virco Mfg. during the third quarter valued at $1,153,000. Institutional investors own 30.97% of the company's stock.

Virco Mfg. Trading Up 0.4 %

Shares of VIRC stock traded up $0.06 during mid-day trading on Friday, hitting $16.42. The company's stock had a trading volume of 64,990 shares, compared to its average volume of 119,285. The company has a market cap of $267.48 million, a PE ratio of 9.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.20 and a current ratio of 2.26. The company's fifty day simple moving average is $14.68 and its 200-day simple moving average is $14.72. Virco Mfg. Co. has a 52 week low of $6.40 and a 52 week high of $18.50.

Virco Mfg. (NASDAQ:VIRC - Get Free Report) last issued its earnings results on Monday, September 9th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Virco Mfg. had a return on equity of 27.88% and a net margin of 9.50%. The business had revenue of $108.42 million during the quarter, compared to the consensus estimate of $115.90 million. As a group, equities research analysts expect that Virco Mfg. Co. will post 1.93 earnings per share for the current fiscal year.

Virco Mfg. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were paid a $0.025 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.10 annualized dividend and a dividend yield of 0.61%. This is a positive change from Virco Mfg.'s previous quarterly dividend of $0.02. Virco Mfg.'s payout ratio is currently 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.