Seizert Capital Partners LLC acquired a new stake in shares of Hooker Furniture Co. (NASDAQ:HOFT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,098 shares of the company’s stock, valued at approximately $341,000. Seizert Capital Partners LLC owned about 0.09% of Hooker Furniture at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HOFT. Paradigm Capital Management Inc. NY bought a new position in shares of Hooker Furniture during the 2nd quarter valued at about $8,128,000. Millennium Management LLC increased its position in shares of Hooker Furniture by 941.2% during the 2nd quarter. Millennium Management LLC now owns 88,858 shares of the company’s stock valued at $4,167,000 after purchasing an additional 80,324 shares during the last quarter. BlackRock Inc. increased its position in shares of Hooker Furniture by 7.3% during the 2nd quarter. BlackRock Inc. now owns 771,278 shares of the company’s stock valued at $36,173,000 after purchasing an additional 52,659 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Hooker Furniture during the 3rd quarter valued at about $1,313,000. Finally, Citadel Advisors LLC bought a new position in shares of Hooker Furniture during the 2nd quarter valued at about $1,422,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

HOFT opened at $29.65 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 3.64. Hooker Furniture Co. has a 1 year low of $28.52 and a 1 year high of $52.75. The company has a market cap of $356.50 million, a P/E ratio of 10.58 and a beta of 0.39.

Hooker Furniture (NASDAQ:HOFT) last posted its quarterly earnings results on Thursday, August 30th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.05). Hooker Furniture had a return on equity of 14.49% and a net margin of 4.94%. The company had revenue of $168.66 million for the quarter.

In related news, insider Donald Lee Boone purchased 1,000 shares of Hooker Furniture stock in a transaction that occurred on Friday, September 28th. The shares were acquired at an average cost of $33.90 per share, for a total transaction of $33,900.00. Following the transaction, the insider now directly owns 1,000 shares in the company, valued at $33,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

Several equities analysts have recently commented on HOFT shares. Sidoti upgraded Hooker Furniture from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, October 3rd. TheStreet lowered Hooker Furniture from a “b” rating to a “c+” rating in a research report on Friday, October 26th. BidaskClub lowered Hooker Furniture from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. Finally, ValuEngine lowered Hooker Furniture from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th.

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Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

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Institutional Ownership by Quarter for Hooker Furniture (NASDAQ:HOFT)

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