10 Best Small-Cap Stocks to Buy Now According to Minerva Advisors

Page 8 of 10

3. Virco Mfg. Corporation (NASDAQ:VIRC)

Number of Hedge Fund Holders: 12

Minerva Advisors reported owning 1,122,101 shares of Virco Mfg. Corporation (NASDAQ:VIRC) at the end of Q1 2024. This investment was valued at $12,253,343, making up 7.5% of their total portfolio. In the first quarter of 2024, Virco Mfg. Corporation (NASDAQ:VIRC) saw a big jump in revenue by 33%, and both their gross and operating profit margins increased. However, much of this growth came from a one-time disaster relief project, without which their revenue would have only grown by 8%.

An analyst from Quipus Capital thinks that Virco Mfg. Corporation (NASDAQ:VIRC) isn’t a good buy at its current price of $15.02 per share. Virco Mfg. Corporation (NASDAQ:VIRC)’s market value is around $243 million as of writing, which gives it a P/E ratio of 10x based on its earnings of $25.5 million. The analyst believes this P/E ratio would be attractive if the company had steadier earnings.

Page 8 of 10