Virco Manufacturing Corp Insider Buying: Robert Virtue Acquires Additional Shares

Robert Virtue, CEO of Virco Manufacturing Corp, purchased 5,000 shares of the company, bringing his total holdings to 493,324 shares. This is part of a broader trend of insider buying within the company, with the insider acquiring 7,000 shares over the past year. The company's shares were trading at $6.96 with a market cap of $110.329 million and a price-earnings ratio of 8.05, lower than the industry median and historical median. The stock has a price-to-GF-Value ratio of 0.84, indicating modest undervaluation.

Robert Virtue, CEO of Virco Manufacturing Corp (NYSE:VIRC), recently purchased 5,000 shares of the company, increasing his total holdings to 493,324 shares. This acquisition is part of a broader trend of insider buying within the company, with insiders acquiring 7,000 shares over the past year. The stock was trading at $6.96 per share, with a market capitalization of $110.329 million and a price-earnings ratio of 8.05, which is lower than both the industry and historical medians. Additionally, the stock's price-to-GF-Value ratio of 0.84 indicates modest undervaluation.

Insider buying activity can provide valuable insights into a company's prospects, although it should not be the sole basis for investment decisions. The overall market conditions, company performance, and individual circumstances of the insiders should also be considered. In this case, the consistent insider buying activity suggests confidence in the company's future performance.

For more information on insider buying and selling activities, see Investing.com's roundup.