Foundry Partners LLC Raises Stock Holdings in Hooker Furnishings Co. (NASDAQ:HOFT)

Foundry Partners LLC boosted its stake in Hooker Furnishings Co. (NASDAQ:HOFT) by 22.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,155 shares of the company’s stock after buying an additional 15,550 shares during the period. Foundry Partners LLC owned approximately 0.80% of Hooker Furnishings worth $1,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HOFT. Copeland Capital Management LLC acquired a new position in shares of Hooker Furnishings during the third quarter worth about $37,000. Acadian Asset Management LLC grew its holdings in Hooker Furnishings by 15.7% in the second quarter. Acadian Asset Management LLC now owns 5,179 shares of the company’s stock valued at $74,000 after purchasing an additional 703 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Hooker Furnishings during the first quarter valued at $77,000. Virtus Investment Advisers Inc. acquired a new stake in shares of Hooker Furnishings during the first quarter valued at $106,000. Finally, BNP Paribas Financial Markets boosted its stake in Hooker Furnishings by 71.8% in the 1st quarter. BNP Paribas Financial Markets now owns 5,191 shares of the company’s stock worth $125,000 after buying an additional 2,170 shares during the last quarter. 73.63% of the stock is currently owned by hedge funds and other institutional investors.

Hooker Furnishings Trading Up 7.6 %

Shares of NASDAQ:HOFT opened at $18.90 on Friday. The stock’s 50-day moving average price is $17.20 and its two-hundred day moving average price is $16.06. Hooker Furnishings Co. has a 12-month low of $13.09 and a 12-month high of $27.15. The firm has a market cap of $202.42 million, a price-to-earnings ratio of 145.40 and a beta of 1.19.

Hooker Furnishings (NASDAQ:HOFT) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Hooker Furnishings had a net margin of 0.40% and a return on equity of 0.72%. The business had revenue of $95.08 million for the quarter, compared to analyst estimates of $93.54 million. During the same quarter last year, the business earned $0.07 EPS. As a group, research analysts forecast that Hooker Furnishings Co. will post -0.37 earnings per share for the current fiscal year.

Hooker Furnishings Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.23 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.92 annualized dividend and a dividend yield of 4.87%. Hooker Furnishings’s dividend payout ratio is currently 707.75%.

Hooker Furnishings Company Profile

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.