Douglas A. Virtue Holds 886,304 Shares of Virco Mfg. Corp.
Ticker: VIRC · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 751365
| Field | Detail |
|---|---|
| Company | Virco Mfg Corporation (VIRC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: insider-ownership, amendment, shareholder-update
TL;DR
**Insider Douglas A. Virtue owns 886,304 shares of Virco Mfg. Corp., signaling strong confidence.**
AI Summary
Douglas A. Virtue, a key individual associated with Virco Mfg. Corporation, has filed an amended SC 13G/A, indicating he beneficially owns 886,304 shares of the company's common stock as of February 14, 2024. This represents a significant ownership stake, giving him sole voting and dispositive power over these shares. This filing is important for investors as it confirms a substantial insider holding, which can signal confidence in the company's future.
Why It Matters
This filing shows a significant insider ownership stake, which can be a positive signal to investors as it aligns the interests of management with shareholders.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant insider holding, which generally reduces investment risk by aligning management and shareholder interests.
Analyst Insight
Investors should view this significant insider holding as a positive indicator of confidence in Virco Mfg. Corporation's long-term prospects, potentially signaling stability and alignment of interests.
Key Numbers
- 886,304 — Shares Beneficially Owned (This is the total number of shares Douglas A. Virtue has sole voting and dispositive power over, as reported on February 14, 2024.)
- February 14, 2024 — Date of Event (This is the date that triggered the requirement for this amended filing, indicating the snapshot of ownership.)
Key Players & Entities
- Douglas A. Virtue (person) — Reporting Person, beneficial owner of shares
- Virco Mfg. Corporation (company) — The issuer of the securities
- 886,304 (dollar_amount) — Number of shares beneficially owned by Douglas A. Virtue
Forward-Looking Statements
- Douglas A. Virtue will maintain a significant ownership stake in Virco Mfg. Corporation. (Douglas A. Virtue) — high confidence, target: 2025-02-14
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is Douglas A. Virtue, as stated in 'NAME OF REPORTING PERSON Douglas A. Virtue' on page 2 of 5.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Virco Mfg. Corporation, as indicated in the document under 'Name of Issuer' and 'COMPANY CONFORMED NAME: VIRCO MFG CORPORATION'.
How many shares of Virco Mfg. Corporation's common stock does Douglas A. Virtue beneficially own?
Douglas A. Virtue beneficially owns 886,304 shares of Virco Mfg. Corporation's common stock, as reported in 'AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 886,304' on page 2 of 5.
What is the CUSIP number for the class of securities mentioned in this filing?
The CUSIP number for the Common Stock, $0.01 par value, is 927651109, as stated in the document under 'CUSIP Number'.
What was the date of the event that required the filing of this statement?
The date of the event which required the filing of this statement was February 14, 2024, as specified in the document under 'Date of Event which Requires Filing of this Statement'.
Filing Stats: 716 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-02-13 18:26:49
Key Financial Figures
- $0.01 — oration (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securities
Filing Documents
- schedule13ga1dougvirtue.htm (SC 13G/A) — 37KB
- 0001628280-24-004581.txt ( ) — 38KB
Not Applicable
Item 3. Not Applicable
. Ownership
Item 4 . Ownership. (a) Amount Beneficially Owned 886,304 shares of common stock, which includes 4,000 shares issuable upon exercise of stock options or as restricted stock grants, and 61,379 shares held under the Company's 401(k) Plan. (b) Percent of Class 5.42%, based on 16,347,314 shares of common stock outstanding. (c) Number of shares as to which such person has (i) sole power to vote or to direct the vote 886,304 shares (ii) shared power to vote or to direct the vote 0 shares (iii) sole power to dispose or to direct the disposition of 886,304 shares (iv) shared power to dispose or to direct the disposition of 0 shares
Ownership of Five Percent or Less of a Class Not Applicable
Item 5. Ownership of Five Percent or Less of a Class Not Applicable
Ownership of More than Five Percent on Behalf of Another Person Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable
Identification and Classification of Subsidiary Which Acquired the Securities Not Applicable
Item 7. Identification and Classification of Subsidiary Which Acquired the Securities Not Applicable
Identification and Classification of Members of the Group Not Applicable
Item 8. Identification and Classification of Members of the Group Not Applicable
Notice of Dissolution of Group Not Applicable
Item 9. Notice of Dissolution of Group Not Applicable CUSIP No. 927651109 Schedule 13G Page 4 of 5 pages
Certifications
Item 10. Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. CUSIP No. 927651109 Schedule 13G Page 5 of 5 pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 14, 2024 DOUGLAS A. VIRTUE s Douglas A. Virtue