Waterfront Wealth Inc. Has $431,000 Stake in Hooker Furnishings Co. (NASDAQ:HOFT)

Waterfront Wealth Inc. lowered its holdings in Hooker Furnishings Co. (NASDAQ:HOFT) by 44.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,784 shares of the company’s stock after selling 24,760 shares during the period. Waterfront Wealth Inc.’s holdings in Hooker Furnishings were worth $431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Baron Wealth Management LLC bought a new position in shares of Hooker Furnishings in the third quarter valued at about $215,000. Barclays PLC increased its position in Hooker Furnishings by 270.4% in the 3rd quarter. Barclays PLC now owns 15,463 shares of the company’s stock valued at $279,000 after acquiring an additional 11,288 shares in the last quarter. HighTower Advisors LLC increased its position in Hooker Furnishings by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 19,004 shares of the company’s stock valued at $344,000 after acquiring an additional 3,966 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Hooker Furnishings by 5.0% in the fourth quarter. Empowered Funds LLC now owns 51,623 shares of the company’s stock worth $723,000 after acquiring an additional 2,435 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Hooker Furnishings by 107.5% during the third quarter. JPMorgan Chase & Co. now owns 43,688 shares of the company’s stock worth $790,000 after purchasing an additional 22,635 shares in the last quarter. Institutional investors and hedge funds own 73.63% of the company’s stock.

Hooker Furnishings Trading Down 0.8 %

HOFT stock opened at $12.95 on Friday. 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 Co. has a twelve month low of $12.06 and a twelve month high of $24.82. The company has a market cap of $138.69 million, a P/E ratio of -14.23, a PEG ratio of 0.85 and a beta of 1.25. The business has a fifty day moving average of $13.51 and a 200-day moving average of $15.61.

Hooker Furnishings (NASDAQ:HOFT) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.22). Hooker Furnishings had a negative return on equity of 3.51% and a negative net margin of 2.46%. As a group, equities research analysts expect that Hooker Furnishings Co. will post -0.44 EPS for the current year.

Hooker Furnishings Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.10%. Hooker Furnishings’s payout ratio is presently -101.10%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Hooker Furnishings from a “sell” rating to a “hold” rating in a report on Thursday.

Insiders Place Their Bets

In other Hooker Furnishings news, Director Paulette Garafalo sold 2,489 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $17.10, for a total value of $42,561.90. Following the transaction, the director now owns 20,783 shares of the company’s stock, valued at approximately $355,389.30. This represents a 10.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

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.