Hooker Furnishings Co. (NASDAQ:HOFT) Shares Purchased by Marquette Asset Management LLC

Marquette Asset Management LLC boosted its holdings in Hooker Furnishings Co. (NASDAQ:HOFT) by 131.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,648 shares of the company’s stock after buying an additional 11,145 shares during the period. Marquette Asset Management LLC owned 0.18% of Hooker Furnishings worth $355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HOFT. Los Angeles Capital Management LLC boosted its position in shares of Hooker Furnishings by 747.5% in the first quarter. Los Angeles Capital Management LLC now owns 89,088 shares of the company’s stock worth $2,139,000 after acquiring an additional 78,576 shares during the last quarter. American National Bank & Trust Co. VA acquired a new position in shares of Hooker Furnishings in the 1st quarter valued at $357,000. BNP Paribas Financial Markets grew its stake in shares of Hooker Furnishings by 71.8% during the 1st quarter. BNP Paribas Financial Markets now owns 5,191 shares of the company’s stock valued at $125,000 after buying an additional 2,170 shares during the period. Empowered Funds LLC grew its stake in shares of Hooker Furnishings by 27.6% during the 1st quarter. Empowered Funds LLC now owns 43,536 shares of the company’s stock valued at $1,045,000 after buying an additional 9,412 shares during the period. Finally, Foundry Partners LLC acquired a new stake in shares of Hooker Furnishings during the 1st quarter worth $869,000. Hedge funds and other institutional investors own 73.63% of the company’s stock.

Hooker Furnishings Trading Up 0.4 %

Shares of Hooker Furnishings stock opened at $16.64 on Wednesday. The business’s fifty day moving average price is $15.95 and its 200 day moving average price is $16.70. Hooker Furnishings Co. has a twelve month low of $13.09 and a twelve month high of $27.15. The stock has a market capitalization of $177.75 million, a P/E ratio of 42.67 and a beta of 1.18.

Hooker Furnishings (NASDAQ:HOFT) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Hooker Furnishings had a return on equity of 0.72% and a net margin of 0.40%. The firm had revenue of $95.08 million during the quarter, compared to analysts’ expectations of $93.54 million. During the same quarter last year, the business earned $0.07 earnings per share. As a group, sell-side analysts predict that Hooker Furnishings Co. will post -0.25 EPS for the current year.

Hooker Furnishings Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.92 annualized dividend and a yield of 5.53%. Hooker Furnishings’s dividend payout ratio is currently 235.90%.

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.