Rhumbline Advisers lowered its stake in shares of Hooker Furniture Corporation (NASDAQ:HOFT) by 4.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,321 shares of the company’s stock after selling 595 shares during the period. Rhumbline Advisers owned 0.11% of Hooker Furniture Corporation worth $507,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HOFT. Vanguard Group Inc. grew its holdings in Hooker Furniture Corporation by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 459,203 shares of the company’s stock valued at $14,258,000 after buying an additional 35,153 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Hooker Furniture Corporation by 6.3% in the 1st quarter. Renaissance Technologies LLC now owns 423,327 shares of the company’s stock worth $13,144,000 after acquiring an additional 24,962 shares during the last quarter. Algert Global LLC increased its stake in shares of Hooker Furniture Corporation by 77.0% in the 2nd quarter. Algert Global LLC now owns 37,077 shares of the company’s stock worth $1,526,000 after acquiring an additional 16,132 shares during the last quarter. Oxford Asset Management acquired a new stake in shares of Hooker Furniture Corporation in the 1st quarter worth $414,000. Finally, Strs Ohio acquired a new stake in shares of Hooker Furniture Corporation in the 2nd quarter worth $543,000. 83.99% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was first published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/rhumbline-advisers-sells-595-shares-of-hooker-furniture-corporation-hoft/1606649.html.

Shares of Hooker Furniture Corporation (HOFT) opened at 49.65 on Wednesday. The company has a 50 day moving average of $43.42 and a 200-day moving average of $41.38. The stock has a market cap of $574.50 million, a price-to-earnings ratio of 19.25 and a beta of 0.62. Hooker Furniture Corporation has a one year low of $24.60 and a one year high of $50.05.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.97%. 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 report on Thursday, July 13th.

In other news, COO George Revington sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $45.71, for a total value of $457,100.00. Following the completion of the transaction, the chief operating officer now directly owns 27,676 shares of the company’s stock, valued at $1,265,069.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director E Larry Ryder sold 5,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $44.41, for a total value of $222,050.00. Following the completion of the transaction, the director now directly owns 20,780 shares of the company’s stock, valued at $922,839.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,607 shares of company stock worth $2,506,409. 2.90% of the stock is owned by insiders.

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.

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 Corporation (NASDAQ:HOFT).

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

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