Hooker Furnishings Co. (NASDAQ:HOFT) Short Interest Update

Hooker Furnishings Co. (NASDAQ:HOFT) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 163,900 shares, a decrease of 12.9% from the December 15th total of 188,100 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is currently 4.8 days. Approximately 1.6% of the company’s stock are short sold.

Hooker Furnishings Stock Up 0.5 %

NASDAQ HOFT traded up $0.07 on Friday, reaching $13.25. The company had a trading volume of 19,497 shares, compared to its average volume of 54,181. The stock has a market capitalization of $141.91 million, a P/E ratio of -14.56 and a beta of 1.26. The company’s fifty day moving average is $15.93 and its 200 day moving average is $15.90. Hooker Furnishings has a 52-week low of $12.74 and a 52-week high of $25.80. The company has a quick ratio of 1.76, a current ratio of 3.16 and a debt-to-equity ratio of 0.10.

Hooker Furnishings Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date was Friday, December 13th. Hooker Furnishings’s payout ratio is currently -101.10%.

Insider Transactions at Hooker Furnishings

In other news, Director Paulette Garafalo sold 2,489 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $17.10, for a total transaction of $42,561.90. Following the transaction, the director now directly owns 20,783 shares of the company’s stock, valued at $355,389.30. This represents a 10.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Hooker Furnishings

A number of institutional investors and hedge funds have recently bought and sold shares of HOFT. Acadian Asset Management LLC grew 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 period. Copeland Capital Management LLC bought a new position in Hooker Furnishings in the 3rd quarter valued at $37,000. Empowered Funds LLC grew 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 period. Bank of New York Mellon Corp grew 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 period. Finally, Geode Capital Management LLC grew its stake in shares of Hooker Furnishings by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 241,310 shares of the company’s stock worth $4,364,000 after acquiring an additional 2,493 shares during the period. 73.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Hooker Furnishings from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th.

About Hooker Furnishings

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.