Oak Hill Wealth Advisors LLC Makes New Investment in Hooker Furnishings Co. (NASDAQ:HOFT)

Oak Hill Wealth Advisors LLC bought a new position in shares of Hooker Furnishings Co. (NASDAQ:HOFT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 10,330 shares of the company’s stock, valued at approximately $145,000. Oak Hill Wealth Advisors LLC owned 0.10% of Hooker Furnishings as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in Hooker Furnishings by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,531 shares of the company’s stock worth $442,000 after buying an additional 1,900 shares during the period. Empowered Funds LLC grew its stake in shares of Hooker Furnishings by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 49,188 shares of the company’s stock worth $889,000 after acquiring an additional 2,412 shares in the last quarter. 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 in the last quarter. Stifel Financial Corp grew its stake in shares of Hooker Furnishings by 9.5% during the 3rd quarter. Stifel Financial Corp now owns 44,003 shares of the company’s stock worth $796,000 after acquiring an additional 3,827 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Hooker Furnishings by 26.4% during the 3rd quarter. HighTower Advisors LLC now owns 19,004 shares of the company’s stock worth $344,000 after acquiring an additional 3,966 shares in the last quarter. 73.63% of the stock is currently owned by institutional investors and hedge funds.

Hooker Furnishings Price Performance

Shares of HOFT opened at $12.40 on Friday. The stock has a market capitalization of $132.80 million, a P/E ratio of -13.63, a P/E/G ratio of 0.85 and a beta of 1.16. Hooker Furnishings Co. has a twelve month low of $12.06 and a twelve month high of $24.18. The company has a 50 day moving average of $13.12 and a 200-day moving average of $15.50. 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 (NASDAQ:HOFT) last released its earnings results 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 net margin of 2.46% and a negative return on equity of 3.51%. As a group, equities research analysts forecast that Hooker Furnishings Co. will post -0.44 EPS for the current fiscal year.

Hooker Furnishings Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.92 annualized dividend and a dividend yield of 7.42%. Hooker Furnishings’s dividend payout ratio is presently -101.10%.

Insider Activity at Hooker Furnishings

In related news, Director Paulette Garafalo sold 2,489 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $17.10, for a total value of $42,561.90. Following the completion of the transaction, the director now directly owns 20,783 shares of the company’s stock, valued at approximately $355,389.30. This trade represents a 10.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Hooker Furnishings from a “hold” rating to a “sell” rating in a research note on Friday, February 28th.

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.