Robert Virtue Increases Stake in VIRC with Recent Purchase
CEO Robert Virtue buys 4,300 shares of VIRC at $6.22 each.
Key Points
- Robert Virtue, CEO of VIRC, bought 4,300 shares at $6.22 each on June 11, 2026.
- VIRC shares traded at $6.48, with varied institutional activity including a 69,254 share increase by Minerva Advisors LLC.
- Freedom Broker downgraded VIRC to hold with a $6.5 target on June 4, 2026.
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On June 11, 2026, Robert Virtue, the CEO of VIRC, purchased 4,300 shares of the company at an average price of $6.22 per share. This transaction was not part of a pre-planned trading program and amounted to a total value of $26,758.04.
Insider Buying and Selling at Virco Mfg. Corporation
Robert Virtue's recent purchase adds to his previous activity in April when he acquired 2,700 shares at $6.22 each. Douglas Virtue, the Executive Vice President, also made multiple buys in April, including 11,678 shares at $6.09 and 4,349 shares at $6.07. Robert Lind bought 500 shares at $6.07 on April 15.
Other Institutional Activity in VIRC
Institutional investors have shown varied interest in VIRC. Minerva Advisors LLC increased its holdings by 69,254 shares, bringing its total to 1,517,452 shares valued at approximately $9.29 million. Meanwhile, Dimensional Fund Advisors LP reduced its position by 69,519 shares, now holding 684,378 shares worth about $4.19 million. BlackRock, Inc. also trimmed its stake by 8,054 shares, ending with 638,361 shares valued at $3.91 million. Vanguard Capital Management LLC made a new entry with 547,474 shares valued at $3.35 million. American Century Companies Inc. and Acadian Asset Management LLC reduced their holdings by 53,923 and 22,186 shares, respectively.
Analysts Set New Price Targets
On June 4, 2026, Freedom Broker downgraded VIRC to a hold rating, setting a price target of $6.50. Previously, on April 12, 2024, Wedbush had maintained a buy rating with a target of $16.00. The consensus among analysts suggests a mixed outlook with varying targets.
Bottom Line
Robert Virtue's insider buying reflects confidence in VIRC amid mixed institutional moves. Such transactions are closely watched by investors as indicators of potential future performance. It's important to remember that this insider activity represents past actions and may not necessarily predict future trends.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.