Douglas A. Virtue, Executive Vice President of Virco Mfg Corporation (NASDAQ:VIRC), has completed the acquisition of additional company shares, bringing his total direct holdings to 888,668 shares. The recent purchases occurred on July 8 and July 9, 2026, with a combined transaction value of $48,503.
Mr. Virtue purchased shares at prices ranging from $5.997 to $6.0 per share. On July 8, he acquired 8,083 shares, followed by an additional 5 shares on July 9.
The insider purchase comes as VIRC trades at $6.10 with a market cap of $95.95 million. The stock has declined 24% over the past year, and according to InvestingPro analysis, the company appears overvalued relative to its Fair Value—placing it among stocks on the Most Overvalued list. InvestingPro offers 4 additional exclusive tips and comprehensive financial metrics for VIRC investors seeking deeper insights.
In other recent news, Virco Mfg. Corporation reported a net loss of $2.8 million for its first quarter ending April 30, 2026, a significant downturn from the net income of $0.7 million in the same period last year. The company’s net sales fell by 9.1% to $30.7 million, down from $33.8 million in the prior-year quarter, primarily due to slowing demand in the school furniture market. Meanwhile, Freedom Broker downgraded Virco Manufacturing’s stock rating from Buy to Hold, citing mixed first-quarter results where revenue exceeded expectations, but profitability fell short. The firm also lowered its price target to $6.50 from $7.00.
Additionally, Freedom Broker had previously reduced its price target for Virco to $7.00 from $7.30, maintaining a Buy rating. This adjustment was based on the company’s fiscal 2026 results, which showed significant declines in both revenue and earnings compared to the previous year, partly due to the absence of non-recurring disaster recovery orders. Furthermore, at the company’s 2026 Annual Meeting of Stockholders, shareholders elected Craig L. Levra and Robert R. Lind as Class I directors. These developments reflect the current challenges and strategic decisions facing Virco Mfg. Corporation.VircoFollowAnalyze VIRCIncluded in our AI-picked strategies·Review strategies6.10▲+0.040(+0.66%)Closed·15:59:59·USD6.100.000(0.00%)After Hours·16:10:051D1W1M6M1Y5YMaxCreated with Highcharts 11.4.813:3014:1514:4517:0018:1519:1519:3019:455.9566.056.1Analyze VIRCThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Is now the time to buy VIRC?ProPicks AI evaluates VIRC every month against thousands of alternatives using 100+ financial metrics.It found Siemens Energy (+231.5%) and Sandisk (+189%) before the crowd did. Could VIRC be next—or is there a better opportunity in the same space?Don't wait to find out.July Sale - 60% Off InvestingPro