Wedbush Securities Inc buys $7,343,386 stake in Virco Mfg. Corporation (VIRC)

Virco Mfg. Corporation (VIRC) : Wedbush Securities Inc scooped up 17,373 additional shares in Virco Mfg. Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 1,736,025 shares of Virco Mfg. Corporation which is valued at $7,343,386.Virco Mfg. Corporation makes up approximately 1.20% of Wedbush Securities Inc’s portfolio.

Other Hedge Funds, Including , Stonebridge Capital Management Inc reduced its stake in VIRC by selling 3,000 shares or 18.75% in the most recent quarter. The Hedge Fund company now holds 13,000 shares of VIRC which is valued at $60,060. Virco Mfg. Corporation makes up approx 0.03% of Stonebridge Capital Management Inc’s portfolio.

Virco Mfg. Corporation opened for trading at $4.48 and hit $4.48 on the upside on Monday, eventually ending the session at $4.4599, with a gain of 0.90% or 0.0399 points. The heightened volatility saw the trading volume jump to 11,816 shares. Company has a market cap of $67 M.

Virco Mfg. Corporation (Virco) is engaged in the designing producing and distributing of furniture for a diverse family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. The Company manufactures an assortment of products including mobile tables mobile storage equipment desks computer furniture chairs activity tables folding chairs and folding tables. The Company’s primary furniture lines are constructed of tubular metal legs and frames combined with wood and plastic tops plastic seats and backs upholstered seats and backs and upholstered rigid polyethylene and polypropylene shells. Virco also has flat metal forming capabilities to enable the production of desks returns bookcases filing cabinets mobile pedestals and related items.

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