Pzena Investment Management LLC lowered its stake in Hooker Furnishings Co. (NASDAQ:HOFT – Free Report) by 1.6% during the second quarter, HoldingsChannel.com reports. The firm owned 1,272,857 shares of the company’s stock after selling 21,017 shares during the period. Pzena Investment Management LLC owned approximately 0.12% of Hooker Furnishings worth $18,431,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in HOFT. EntryPoint Capital LLC bought a new position in Hooker Furnishings during the 1st quarter worth approximately $77,000. Virtus Investment Advisers Inc. bought a new stake in Hooker Furnishings in the first quarter valued at approximately $106,000. Acadian Asset Management LLC acquired a new stake in Hooker Furnishings in the first quarter worth $107,000. BNP Paribas Financial Markets boosted its position in shares of Hooker Furnishings by 71.8% during the first quarter. BNP Paribas Financial Markets now owns 5,191 shares of the company’s stock worth $125,000 after purchasing an additional 2,170 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Hooker Furnishings in the 4th quarter valued at $172,000. 73.63% of the stock is currently owned by institutional investors.
Hooker Furnishings Trading Up 1.4 %
Shares of Hooker Furnishings stock opened at $15.52 on Thursday. The stock’s fifty day simple moving average is $14.80 and its 200 day simple moving average is $17.88. The company has a market capitalization of $165.78 million, a PE ratio of 39.79, a PEG ratio of 12.57 and a beta of 1.20. Hooker Furnishings Co. has a 12 month low of $13.09 and a 12 month high of $27.15.
Insider Activity at Hooker Furnishings
In related news, Director Tonya Harris Jackson bought 1,850 shares of the company’s stock in a transaction on Friday, June 21st. The shares were purchased at an average cost of $13.61 per share, for a total transaction of $25,178.50. Following the acquisition, the director now owns 25,229 shares of the company’s stock, valued at approximately $343,366.69. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is owned by insiders.
About Hooker Furnishings
Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.
Recommended Stories
- Five stocks we like better than Hooker Furnishings
- EV Stocks and How to Profit from Them
- Why Dick’s Could Be a Slam Dunk for Your Investment Portfolio
- The Risks of Owning Bonds
- Introduction to Fibonacci Retracement Levels
- What Are Some of the Best Large-Cap Stocks to Buy?
- Top 3 Stocks to Outperform the S&P 500 in a Downturn
Want to see what other hedge funds are holding HOFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hooker Furnishings Co. (NASDAQ:HOFT – Free Report).
Receive News & Ratings for Hooker Furnishings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hooker Furnishings and related companies with MarketBeat.com's FREE daily email newsletter.