SCHEDULE: Minerva Advisors Discloses 9.2% Stake in Virco Mfg.

Minerva Advisors LLC and David P. Cohen have disclosed a 9.2% beneficial ownership stake in Virco Mfg. Corporation through a Schedule 13G amendment.

Summary

• Minerva Advisors LLC, Minerva Group, LP, Minerva GP, LP, Minerva GP, Inc., and David P. Cohen are the reporting persons.
• Minerva Advisors LLC and David P. Cohen each beneficially own 9.2% of Virco Mfg. Corporation's common stock.
• This represents 1,448,198 shares for Minerva Advisors LLC and 1,454,372 shares for David P. Cohen.
• Minerva Group, LP, Minerva GP, LP, and Minerva GP, Inc. each beneficially own 5.8% of the common stock, totaling 915,933 shares.
• The beneficial ownership is based on 15,761,141 shares of common stock outstanding as of December 8, 2025.
• The filing is an Amendment No. 13 to a previous Schedule 13G statement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a standard regulatory disclosure of beneficial ownership and does not contain performance-related or forward-looking statements.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by passive investors holding more than 5% of a company's stock. This filing indicates continued or adjusted significant institutional interest in Virco Mfg. Corporation by Minerva Advisors and related entities, which is a common occurrence in the public markets.

Stakeholder Impact

• Shareholders: The disclosure of a significant beneficial ownership stake by Minerva Advisors and David P. Cohen may signal increased institutional interest or confidence in Virco Mfg. Corporation, potentially influencing investor sentiment.

Key Dates

Keywords

Virco Mfg. Corporation, Minerva Advisors LLC, David P. Cohen, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Shareholder Disclosure