Heritage Wealth Advisors lifted its holdings in shares of Stanley Furniture Co. (NASDAQ:STLY) by 38.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,147,550 shares of the company’s stock after acquiring an additional 318,193 shares during the period. Heritage Wealth Advisors owned approximately 7.69% of Stanley Furniture worth $998,000 at the end of the most recent reporting period.
Separately, ValuEngine upgraded shares of Stanley Furniture from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.
In other news, major shareholder Hale Partnership Capital Manag bought 740,896 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $0.98 per share, with a total value of $726,078.08. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 28.60% of the company’s stock.
Shares of Stanley Furniture Co. (NASDAQ:STLY) opened at $0.71 on Monday. The firm has a market cap of $10.59, a P/E ratio of -10.14 and a beta of -0.04. Stanley Furniture Co. has a twelve month low of $0.55 and a twelve month high of $1.39.
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About Stanley Furniture
Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.
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