Chartwell Investment Partners LLC lessened its holdings in Hooker Furniture Co. (NASDAQ:HOFT) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 57,838 shares of the company’s stock after selling 512 shares during the period. Chartwell Investment Partners LLC’s holdings in Hooker Furniture were worth $1,667,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hooker Furniture by 841.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,054 shares of the company’s stock valued at $28,000 after acquiring an additional 942 shares during the last quarter. Legal & General Group Plc grew its position in Hooker Furniture by 24.4% in the fourth quarter. Legal & General Group Plc now owns 2,198 shares of the company’s stock valued at $58,000 after acquiring an additional 431 shares during the last quarter. AdvisorNet Financial Inc grew its position in Hooker Furniture by 26.0% in the fourth quarter. AdvisorNet Financial Inc now owns 2,368 shares of the company’s stock valued at $62,000 after acquiring an additional 489 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Hooker Furniture by 309.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,607 shares of the company’s stock valued at $95,000 after acquiring an additional 2,725 shares during the last quarter. Finally, Citigroup Inc. grew its position in Hooker Furniture by 16.1% in the fourth quarter. Citigroup Inc. now owns 3,701 shares of the company’s stock valued at $97,000 after acquiring an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Separately, BidaskClub upgraded Hooker Furniture from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th.

Hooker Furniture stock opened at $29.77 on Tuesday. Hooker Furniture Co. has a 12-month low of $24.85 and a 12-month high of $49.85. The company has a current ratio of 3.46, a quick ratio of 1.93 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $355.79 million, a price-to-earnings ratio of 9.93 and a beta of 0.56.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Friday, March 15th.

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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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