Renaissance Technologies LLC Trims Stake in Hooker Furniture Co. (HOFT)

Renaissance Technologies LLC lessened its holdings in shares of Hooker Furniture Co. (NASDAQ:HOFT) by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 351,665 shares of the company’s stock after selling 42,000 shares during the quarter. Renaissance Technologies LLC owned about 2.99% of Hooker Furniture worth $14,928,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HOFT. Kennedy Capital Management Inc. acquired a new stake in shares of Hooker Furniture during the fourth quarter worth about $6,869,000. Thomson Horstmann & Bryant Inc. lifted its position in shares of Hooker Furniture by 54.0% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 161,776 shares of the company’s stock worth $6,867,000 after purchasing an additional 56,702 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Hooker Furniture during the third quarter worth about $2,584,000. Chartwell Investment Partners LLC lifted its position in shares of Hooker Furniture by 64.5% during the fourth quarter. Chartwell Investment Partners LLC now owns 128,114 shares of the company’s stock worth $5,438,000 after purchasing an additional 50,210 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in shares of Hooker Furniture during the fourth quarter worth about $1,808,000. 87.52% of the stock is currently owned by institutional investors and hedge funds.

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Separately, BidaskClub cut shares of Hooker Furniture from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.

Shares of NASDAQ:HOFT opened at $36.70 on Friday. The stock has a market cap of $431.67, a PE ratio of 13.80 and a beta of 0.48. Hooker Furniture Co. has a 1 year low of $30.00 and a 1 year high of $52.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.07 and a current ratio of 3.53.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Monday, March 19th were given a dividend of $0.14 per share. The ex-dividend date was Friday, March 16th. This represents a $0.56 annualized dividend and a dividend yield of 1.53%.

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About Hooker Furniture

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other.

Institutional Ownership by Quarter for Hooker Furniture (NASDAQ:HOFT)

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