2,823 Shares in Hooker Furniture Co. (HOFT) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Hooker Furniture Co. (NASDAQ:HOFT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,823 shares of the company’s stock, valued at approximately $104,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HOFT. Wells Fargo & Company MN grew its position in shares of Hooker Furniture by 35.1% in the 4th quarter. Wells Fargo & Company MN now owns 76,387 shares of the company’s stock valued at $3,243,000 after buying an additional 19,836 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Hooker Furniture by 1.5% in the 4th quarter. BlackRock Inc. now owns 722,712 shares of the company’s stock valued at $30,678,000 after purchasing an additional 10,979 shares during the period. Citadel Advisors LLC lifted its stake in shares of Hooker Furniture by 40.1% in the 4th quarter. Citadel Advisors LLC now owns 10,721 shares of the company’s stock valued at $455,000 after purchasing an additional 3,071 shares during the period. First Interstate Bank lifted its stake in shares of Hooker Furniture by 34.1% in the 4th quarter. First Interstate Bank now owns 7,153 shares of the company’s stock valued at $304,000 after purchasing an additional 1,820 shares during the period. Finally, Yorktown Management & Research Co Inc lifted its stake in shares of Hooker Furniture by 41.2% in the 4th quarter. Yorktown Management & Research Co Inc now owns 6,000 shares of the company’s stock valued at $255,000 after purchasing an additional 1,750 shares during the period. Hedge funds and other institutional investors own 87.25% of the company’s stock.

In related news, SVP Anne Jacobsen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $47.75, for a total transaction of $47,750.00. Following the transaction, the senior vice president now directly owns 5,317 shares of the company’s stock, valued at approximately $253,886.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael W. Delgatti sold 7,978 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $47.00, for a total value of $374,966.00. Following the transaction, the insider now directly owns 7,067 shares in the company, valued at $332,149. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Shares of Hooker Furniture opened at $48.45 on Wednesday, MarketBeat.com reports. The stock has a market capitalization of $560.54 million, a PE ratio of 17.06 and a beta of 0.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.12 and a current ratio of 3.52. Hooker Furniture Co. has a 1 year low of $35.90 and a 1 year high of $52.75.

Hooker Furniture (NASDAQ:HOFT) last posted its quarterly earnings results on Tuesday, June 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. Hooker Furniture had a return on equity of 14.63% and a net margin of 4.90%. The business had revenue of $142.89 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Thursday, June 14th.

A number of research analysts have recently issued reports on HOFT shares. BidaskClub raised Hooker Furniture from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. ValuEngine downgraded Hooker Furniture from a “hold” rating to a “sell” rating in a research note on Friday, April 27th.

About Hooker Furniture

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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