Acadian Asset Management LLC Has $3.26 Million Position in Hooker Furniture Co. (HOFT)

Acadian Asset Management LLC reduced its stake in Hooker Furniture Co. (NASDAQ:HOFT) by 25.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 105,023 shares of the company’s stock after selling 36,541 shares during the period. Acadian Asset Management LLC owned approximately 0.91% of Hooker Furniture worth $3,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Hooker Furniture during the fourth quarter worth approximately $223,000. A.R.T. Advisors LLC purchased a new position in shares of Hooker Furniture during the fourth quarter valued at about $227,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Hooker Furniture during the fourth quarter valued at about $240,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Hooker Furniture during the fourth quarter valued at about $255,000. Finally, Bogle Investment Management L P DE purchased a new position in shares of Hooker Furniture during the fourth quarter valued at about $258,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

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

Shares of Hooker Furniture Co. (NASDAQ:HOFT) traded up 0.70% during mid-day trading on Thursday, reaching $43.10. The company had a trading volume of 14,071 shares. The firm has a 50-day moving average price of $40.72 and a 200-day moving average price of $34.18. Hooker Furniture Co. has a 1-year low of $20.29 and a 1-year high of $46.60. The stock has a market capitalization of $497.24 million, a price-to-earnings ratio of 19.77 and a beta of 0.76.

Hooker Furniture (NASDAQ:HOFT) last announced its earnings results on Thursday, April 6th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.31. The firm had revenue of $173.90 million for the quarter, compared to analysts’ expectations of $156.31 million. Hooker Furniture had a return on equity of 11.54% and a net margin of 3.98%. Hooker Furniture’s quarterly revenue was up 187.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. Equities analysts expect that Hooker Furniture Co. will post $2.77 earnings per share for the current year.

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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.

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