3,196 Shares in Hooker Furnishings Co. (NASDAQ:HOFT) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in Hooker Furnishings Co. (NASDAQ:HOFT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,196 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Foundry Partners LLC purchased a new stake in shares of Hooker Furnishings during the 1st quarter valued at approximately $869,000. Los Angeles Capital Management LLC increased its stake in Hooker Furnishings by 747.5% during 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 purchased a new stake in Hooker Furnishings in the first quarter valued at $357,000. Bailard Inc. acquired a new position in shares of Hooker Furnishings in the 4th quarter valued at $243,000. Finally, SG Americas Securities LLC grew its holdings in shares of Hooker Furnishings by 18.5% during the 4th quarter. SG Americas Securities LLC now owns 7,262 shares of the company’s stock worth $189,000 after purchasing an additional 1,135 shares during the period. 73.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hooker Furnishings

In other Hooker Furnishings news, Director Tonya Harris Jackson purchased 1,850 shares of Hooker Furnishings stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of $13.61 per share, with a total value of $25,178.50. Following the completion of the transaction, the director now owns 25,229 shares of the company’s stock, valued at $343,366.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Hooker Furnishings Stock Performance

Hooker Furnishings stock opened at $15.68 on Friday. The company has a market capitalization of $167.49 million, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 12.18 and a beta of 1.20. The company’s 50 day simple moving average is $15.10 and its 200-day simple moving average is $19.69. Hooker Furnishings Co. has a 1 year low of $13.09 and a 1 year high of $27.15.

Hooker Furnishings (NASDAQ:HOFT) last released its quarterly earnings results on Thursday, June 6th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.36). Hooker Furnishings had a return on equity of 1.92% and a net margin of 1.07%. The firm had revenue of $93.57 million for the quarter, compared to analyst estimates of $94.94 million. Equities analysts expect that Hooker Furnishings Co. will post 0.09 earnings per share for the current year.

Hooker Furnishings Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date was Friday, June 14th. Hooker Furnishings’s dividend payout ratio (DPR) is 235.90%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Hooker Furnishings from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.

Hooker Furnishings 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.