Campbell & CO Investment Adviser LLC Invests $406,000 in Hooker Furniture Co. (NASDAQ:HOFT)

Campbell & CO Investment Adviser LLC purchased a new position in shares of Hooker Furniture Co. (NASDAQ:HOFT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,731 shares of the company’s stock, valued at approximately $406,000. Campbell & CO Investment Adviser LLC owned 0.13% of Hooker Furniture as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HOFT. Heartland Advisors Inc. acquired a new position in shares of Hooker Furniture during the 2nd quarter worth $1,248,000. State Street Corp grew its stake in shares of Hooker Furniture by 23.6% during the 1st quarter. State Street Corp now owns 293,994 shares of the company’s stock worth $4,589,000 after purchasing an additional 56,209 shares during the period. Paradigm Capital Management Inc. NY grew its stake in shares of Hooker Furniture by 183.3% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 28,329 shares of the company’s stock worth $551,000 after purchasing an additional 18,329 shares during the period. Russell Investments Group Ltd. grew its stake in Hooker Furniture by 24.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 65,758 shares of the company’s stock valued at $1,278,000 after acquiring an additional 13,011 shares during the last quarter. Finally, Mackay Shields LLC acquired a new stake in Hooker Furniture in the 2nd quarter valued at about $243,000. 87.80% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on HOFT. Sidoti increased their price objective on shares of Hooker Furniture from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, August 31st. BidaskClub raised shares of Hooker Furniture from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. Finally, ValuEngine raised shares of Hooker Furniture from a “sell” rating to a “hold” rating in a research note on Friday, October 2nd.

NASDAQ:HOFT opened at $29.86 on Friday. The firm has a market cap of $355.04 million, a price-to-earnings ratio of -19.26 and a beta of 0.80. The company’s 50-day moving average is $27.22 and its two-hundred day moving average is $20.34. Hooker Furniture Co. has a 12-month low of $12.30 and a 12-month high of $30.20.

Hooker Furniture (NASDAQ:HOFT) last released its earnings results on Thursday, September 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.14. The company had revenue of $130.54 million for the quarter. Hooker Furniture had a negative net margin of 3.24% and a positive return on equity of 6.11%.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 18th were issued a $0.16 dividend. The ex-dividend date was Thursday, September 17th. This represents a $0.64 dividend on an annualized basis and a yield of 2.14%.

About Hooker Furniture

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company operates through three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture under the Hooker Upholstery brand.

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

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