GSA Capital Partners LLP purchased a new stake in Hooker Furniture Corporation (NASDAQ:HOFT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,783 shares of the company’s stock, valued at approximately $320,000. GSA Capital Partners LLP owned approximately 0.07% of Hooker Furniture Corporation as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Alps Advisors Inc. grew its stake in Hooker Furniture Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,522 shares of the company’s stock valued at $639,000 after purchasing an additional 41 shares in the last quarter. First Interstate Bank grew its stake in Hooker Furniture Corporation by 2.2% in the second quarter. First Interstate Bank now owns 5,333 shares of the company’s stock valued at $219,000 after purchasing an additional 115 shares in the last quarter. American International Group Inc. grew its stake in Hooker Furniture Corporation by 7.1% in the first quarter. American International Group Inc. now owns 6,988 shares of the company’s stock valued at $217,000 after purchasing an additional 464 shares in the last quarter. Legal & General Group Plc grew its stake in Hooker Furniture Corporation by 40.0% in the second quarter. Legal & General Group Plc now owns 2,424 shares of the company’s stock valued at $100,000 after purchasing an additional 693 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in Hooker Furniture Corporation by 24.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 7,862 shares of the company’s stock valued at $244,000 after purchasing an additional 1,533 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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In other news, Director E Larry Ryder sold 1,758 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $46.67, for a total value of $82,045.86. Following the completion of the transaction, the director now directly owns 15,922 shares of the company’s stock, valued at $743,079.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael W. Delgatti sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $43.58, for a total value of $217,900.00. Following the completion of the transaction, the insider now directly owns 33,525 shares of the company’s stock, valued at $1,461,019.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,607 shares of company stock valued at $2,506,409. Company insiders own 2.90% of the company’s stock.

Hooker Furniture Corporation (NASDAQ HOFT) opened at 49.10 on Tuesday. The firm has a 50-day moving average price of $45.27 and a 200-day moving average price of $42.42. The company has a market capitalization of $568.14 million, a P/E ratio of 19.04 and a beta of 0.62. Hooker Furniture Corporation has a 1-year low of $25.55 and a 1-year high of $50.53.

Hooker Furniture Corporation (NASDAQ:HOFT) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $156.31 million during the quarter, compared to the consensus estimate of $148.56 million. Hooker Furniture Corporation had a return on equity of 15.28% and a net margin of 4.94%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. On average, analysts forecast that Hooker Furniture Corporation will post $2.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, September 14th. Hooker Furniture Corporation’s dividend payout ratio (DPR) is presently 18.53%.

Separately, BidaskClub upgraded Hooker Furniture Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th.

Hooker Furniture Corporation 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.

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

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