Verition Fund Management LLC Makes New Investment in Haverty Furniture Companies, Inc. (NYSE:HVT)

Verition Fund Management LLC acquired a new position in Haverty Furniture Companies, Inc. (NYSE:HVT) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 141,456 shares of the company’s stock, valued at approximately $3,886,000. Verition Fund Management LLC owned approximately 0.86% of Haverty Furniture Companies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. US Bancorp DE bought a new stake in shares of Haverty Furniture Companies during the 3rd quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Haverty Furniture Companies by 22.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock worth $140,000 after purchasing an additional 1,034 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Haverty Furniture Companies in the 3rd quarter worth approximately $185,000. Harbor Capital Advisors Inc. lifted its stake in shares of Haverty Furniture Companies by 79.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company’s stock worth $197,000 after acquiring an additional 3,451 shares during the period. Finally, DRW Securities LLC acquired a new stake in Haverty Furniture Companies during the third quarter valued at approximately $296,000. Institutional investors own 80.57% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Friday, October 25th.

Haverty Furniture Companies Stock Down 2.1 %

Shares of HVT opened at $23.32 on Wednesday. The company’s fifty day moving average is $24.37 and its 200-day moving average is $25.95. The firm has a market cap of $382.68 million, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 2.14 and a beta of 1.47. Haverty Furniture Companies, Inc. has a 12 month low of $21.61 and a 12 month high of $37.05.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Tuesday, November 26th. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 80.50%.

Haverty Furniture Companies Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.