Hooker Furniture Co. (NASDAQ:HOFT) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its stake in shares of Hooker Furniture Co. (NASDAQ:HOFT) by 44.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,913 shares of the company’s stock after selling 32,633 shares during the period. Marshall Wace LLP owned about 0.35% of Hooker Furniture worth $1,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in Hooker Furniture during the first quarter valued at approximately $29,000. Legal & General Group Plc lifted its holdings in shares of Hooker Furniture by 24.4% in the 4th quarter. Legal & General Group Plc now owns 2,198 shares of the company’s stock worth $58,000 after acquiring an additional 431 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Hooker Furniture by 26.0% in the 4th quarter. AdvisorNet Financial Inc now owns 2,368 shares of the company’s stock worth $62,000 after acquiring an additional 489 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Hooker Furniture by 953.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,422 shares of the company’s stock worth $70,000 after acquiring an additional 2,192 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Hooker Furniture by 309.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,607 shares of the company’s stock worth $95,000 after acquiring an additional 2,725 shares during the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

A number of brokerages have issued reports on HOFT. TheStreet downgraded shares of Hooker Furniture from a “b-” rating to a “c+” rating in a research report on Friday, June 14th. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Finally, BidaskClub raised shares of Zynerba Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 18th.

In other Hooker Furniture news, insider Douglas Townsend bought 4,900 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of $21.64 per share, with a total value of $106,036.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry G. Williamson, Jr. bought 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average cost of $28.13 per share, with a total value of $225,040.00. Following the completion of the acquisition, the director now owns 38,941 shares of the company’s stock, valued at approximately $1,095,410.33. The disclosure for this purchase can be found here. Insiders purchased a total of 24,400 shares of company stock valued at $611,586 over the last three months. 2.20% of the stock is currently owned by insiders.

Hooker Furniture stock traded down $0.30 during mid-day trading on Thursday, reaching $20.89. The stock had a trading volume of 69,098 shares, compared to its average volume of 65,864. The firm has a market cap of $253.95 million, a P/E ratio of 7.31 and a beta of 0.38. The company’s 50-day moving average price is $22.44. Hooker Furniture Co. has a one year low of $19.09 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.73 and a quick ratio of 1.89.

Hooker Furniture (NASDAQ:HOFT) last posted its earnings results on Wednesday, June 12th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.06). Hooker Furniture had a net margin of 5.13% and a return on equity of 13.60%. The company had revenue of $135.52 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Sunday, June 30th. Investors of record on Monday, June 17th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Friday, June 14th.

Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household, hospitality, and contract furniture in the United States. The company 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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