Chartwell Investment Partners LLC Acquires 50,210 Shares of Hooker Furniture Co. (HOFT)

Chartwell Investment Partners LLC boosted its holdings in Hooker Furniture Co. (NASDAQ:HOFT) by 64.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 128,114 shares of the company’s stock after buying an additional 50,210 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Hooker Furniture were worth $5,438,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HOFT. Thomson Horstmann & Bryant Inc. grew its position in Hooker Furniture by 54.0% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 161,776 shares of the company’s stock worth $6,867,000 after buying an additional 56,702 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hooker Furniture in the 3rd quarter worth approximately $2,584,000. Prescott Group Capital Management L.L.C. acquired a new position in Hooker Furniture in the 4th quarter worth approximately $1,808,000. Tygh Capital Management Inc. boosted its stake in Hooker Furniture by 29.0% in the 3rd quarter. Tygh Capital Management Inc. now owns 113,393 shares of the company’s stock worth $5,415,000 after purchasing an additional 25,477 shares during the period. Finally, American Century Companies Inc. boosted its stake in Hooker Furniture by 96.0% in the 3rd quarter. American Century Companies Inc. now owns 48,979 shares of the company’s stock worth $2,339,000 after purchasing an additional 23,989 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

In related news, insider Michael W. Delgatti sold 6,847 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $42.53, for a total value of $291,202.91. Following the completion of the transaction, the insider now owns 17,972 shares of the company’s stock, valued at approximately $764,349.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

Hooker Furniture Co. (HOFT) opened at $37.35 on Friday. Hooker Furniture Co. has a 52 week low of $29.75 and a 52 week high of $52.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.53 and a quick ratio of 2.07. The company has a market cap of $435.21, a P/E ratio of 14.15 and a beta of 0.48.

Hooker Furniture (NASDAQ:HOFT) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.04). Hooker Furniture had a return on equity of 14.89% and a net margin of 4.96%. The firm had revenue of $157.90 million during the quarter, compared to analyst estimates of $160.02 million. During the same period in the prior year, the business posted $0.56 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis.

Separately, BidaskClub lowered shares of Hooker Furniture from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th.

COPYRIGHT VIOLATION NOTICE: “Chartwell Investment Partners LLC Acquires 50,210 Shares of Hooker Furniture Co. (HOFT)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/18/chartwell-investment-partners-llc-acquires-50210-shares-of-hooker-furniture-co-hoft.html.

Hooker Furniture Profile

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other.

Want to see what other hedge funds are holding HOFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hooker Furniture Co. (NASDAQ:HOFT).

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

Receive News & Ratings for Hooker Furniture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hooker Furniture and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply