Meeder Asset Management Inc. grew its stake in Hooker Furniture Co. (NASDAQ:HOFT) by 1,726.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,214 shares of the company’s stock after purchasing an additional 3,038 shares during the quarter. Meeder Asset Management Inc.’s holdings in Hooker Furniture were worth $108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Paradigm Capital Management Inc. NY acquired a new position in shares of Hooker Furniture in the second quarter valued at about $8,128,000. Millennium Management LLC grew its stake in Hooker Furniture by 941.2% during the second quarter. Millennium Management LLC now owns 88,858 shares of the company’s stock worth $4,167,000 after buying an additional 80,324 shares in the last quarter. Foundry Partners LLC acquired a new stake in Hooker Furniture during the second quarter worth about $3,125,000. BlackRock Inc. grew its stake in Hooker Furniture by 7.3% during the second quarter. BlackRock Inc. now owns 771,278 shares of the company’s stock worth $36,173,000 after buying an additional 52,659 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Hooker Furniture during the third quarter worth about $1,313,000. 86.67% of the stock is currently owned by institutional investors.

HOFT has been the topic of a number of research analyst reports. TheStreet downgraded shares of Hooker Furniture from a “b” rating to a “c+” rating in a research note on Friday, October 26th. Sidoti upgraded shares of Hooker Furniture from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, October 3rd. BidaskClub upgraded shares of Hooker Furniture from a “strong sell” rating to a “sell” rating in a report on Monday, August 13th. Finally, ValuEngine lowered shares of Hooker Furniture from a “hold” rating to a “sell” rating in a report on Thursday, September 27th.

In related news, insider Donald Lee Boone acquired 1,000 shares of Hooker Furniture stock in a transaction dated Friday, September 28th. The stock was bought at an average price of $33.90 per share, with a total value of $33,900.00. Following the transaction, the insider now directly owns 1,000 shares in the company, valued at approximately $33,900. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

NASDAQ HOFT traded down $1.10 during trading hours on Friday, reaching $27.87. The company’s stock had a trading volume of 67,037 shares, compared to its average volume of 32,142. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.64 and a quick ratio of 1.99. Hooker Furniture Co. has a 52 week low of $27.24 and a 52 week high of $49.85. The firm has a market cap of $341.42 million, a PE ratio of 9.53 and a beta of 0.37.

Hooker Furniture (NASDAQ:HOFT) last released its quarterly earnings results on Thursday, December 6th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. Hooker Furniture had a net margin of 5.16% and a return on equity of 15.19%. The firm had revenue of $171.47 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be issued a dividend of $0.15 per share. This is a positive change from Hooker Furniture’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.60 annualized dividend and a yield of 2.15%.

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About Hooker Furniture

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

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

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