Barclays PLC Grows Position in Hooker Furnishings Co. (NASDAQ:HOFT)

Barclays PLC grew its stake in Hooker Furnishings Co. (NASDAQ:HOFT) by 270.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,463 shares of the company’s stock after purchasing an additional 11,288 shares during the period. Barclays PLC owned about 0.14% of Hooker Furnishings worth $279,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HOFT. Acadian Asset Management LLC raised its stake in Hooker Furnishings by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 5,179 shares of the company’s stock valued at $74,000 after purchasing an additional 703 shares during the last quarter. Copeland Capital Management LLC acquired a new position in Hooker Furnishings in the 3rd quarter valued at $37,000. Empowered Funds LLC raised its stake in Hooker Furnishings by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 49,188 shares of the company’s stock valued at $889,000 after purchasing an additional 2,412 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Hooker Furnishings by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 78,249 shares of the company’s stock valued at $1,133,000 after purchasing an additional 2,452 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Hooker Furnishings by 9.5% in the 3rd quarter. Stifel Financial Corp now owns 44,003 shares of the company’s stock valued at $796,000 after purchasing an additional 3,827 shares during the last quarter. 73.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hooker Furnishings

In related news, Director Paulette Garafalo sold 2,489 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $17.10, for a total transaction of $42,561.90. Following the completion of the transaction, the director now directly owns 20,783 shares in the company, valued at $355,389.30. This trade represents a 10.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Hooker Furnishings from a “sell” rating to a “hold” rating in a research note on Monday, December 30th.

Hooker Furnishings Stock Down 0.9 %

Shares of HOFT opened at $13.38 on Monday. Hooker Furnishings Co. has a 52-week low of $13.00 and a 52-week high of $25.80. The company has a market capitalization of $143.30 million, a PE ratio of -14.70 and a beta of 1.26. The stock has a fifty day simple moving average of $16.73 and a two-hundred day simple moving average of $15.96. The company has a quick ratio of 1.46, a current ratio of 3.16 and a debt-to-equity ratio of 0.10.

Hooker Furnishings Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend was Friday, December 13th. Hooker Furnishings’s dividend payout ratio is presently -101.10%.

Hooker Furnishings Company Profile

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.