Bailard Inc. Acquires New Position in Hooker Furnishings Co. (NASDAQ:HOFT)

Bailard Inc. bought a new position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,300 shares of the company’s stock, valued at approximately $243,000. Bailard Inc. owned 0.09% of Hooker Furnishings as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HOFT. Azarias Capital Management L.P. increased its position in shares of Hooker Furnishings by 2.0% in the 4th quarter. Azarias Capital Management L.P. now owns 507,784 shares of the company’s stock valued at $13,243,000 after buying an additional 10,181 shares in the last quarter. Strs Ohio increased its stake in Hooker Furnishings by 44.6% during the 3rd quarter. Strs Ohio now owns 28,200 shares of the company’s stock worth $548,000 after purchasing an additional 8,700 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Hooker Furnishings during the 3rd quarter worth approximately $330,000. Baron Wealth Management LLC bought a new position in Hooker Furnishings in the fourth quarter valued at approximately $207,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Hooker Furnishings by 18.5% in the fourth quarter. SG Americas Securities LLC now owns 7,262 shares of the company’s stock valued at $189,000 after buying an additional 1,135 shares during the period. Institutional investors own 73.63% of the company’s stock.

Hooker Furnishings Price Performance

NASDAQ HOFT opened at $17.30 on Tuesday. Hooker Furnishings Co. has a 12-month low of $14.73 and a 12-month high of $27.15. The firm’s 50 day moving average is $22.10 and its 200-day moving average is $21.89. The company has a market capitalization of $184.42 million, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The company has a quick ratio of 2.49, a current ratio of 3.98 and a debt-to-equity ratio of 0.10.

Hooker Furnishings Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.32%. Hooker Furnishings’s dividend payout ratio is 101.10%.

Analysts Set New Price Targets

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. The company's 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.