Foundry Partners LLC Has $1.56 Million Stake in Hooker Furnishings Co. (NASDAQ:HOFT)

Foundry Partners LLC increased its position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) by 22.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,155 shares of the company’s stock after buying an additional 15,550 shares during the period. Foundry Partners LLC’s holdings in Hooker Furnishings were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its position in Hooker Furnishings by 1.1% during the third quarter. Pzena Investment Management LLC now owns 1,286,381 shares of the company’s stock worth $23,258,000 after purchasing an additional 13,524 shares during the period. Baron Wealth Management LLC bought a new position in Hooker Furnishings during the third quarter worth $215,000. Empowered Funds LLC boosted its position in Hooker Furnishings by 5.2% during the third quarter. Empowered Funds LLC now owns 49,188 shares of the company’s stock worth $889,000 after purchasing an additional 2,412 shares during the period. Copeland Capital Management LLC bought a new position in Hooker Furnishings during the third quarter worth $37,000. Finally, Inspire Advisors LLC boosted its position in shares of Hooker Furnishings by 56.6% in the third quarter. Inspire Advisors LLC now owns 20,534 shares of the company’s stock valued at $371,000 after acquiring an additional 7,422 shares during the period. 73.63% of the stock is currently owned by institutional investors and hedge funds.

Hooker Furnishings Stock Performance

Shares of Hooker Furnishings stock opened at $18.90 on Friday. The firm has a 50-day moving average of $17.20 and a 200-day moving average of $16.06. The stock has a market cap of $202.42 million, a PE ratio of 145.40 and a beta of 1.19. Hooker Furnishings Co. has a 52-week low of $13.09 and a 52-week high of $27.15.

Hooker Furnishings (NASDAQ:HOFT) last released its earnings results on Thursday, September 5th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The firm had revenue of $95.08 million for the quarter, compared to analyst estimates of $93.54 million. Hooker Furnishings had a net margin of 0.40% and a return on equity of 0.72%. During the same period in the prior year, the company posted $0.07 EPS. Equities research analysts predict that Hooker Furnishings Co. will post -0.37 earnings per share for the current fiscal year.

Hooker Furnishings Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Friday, September 13th. Hooker Furnishings’s payout ratio is currently 707.75%.

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.