Insider Buying: Stanley Furniture Company, Inc. (STLY) Major Shareholder Acquires 740,896 Shares of Stock

Stanley Furniture Company, Inc. (NASDAQ:STLY) major shareholder Hale Partnership Capital Manag purchased 740,896 shares of the stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $0.98 per share, with a total value of $726,078.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Stanley Furniture Company, Inc. (NASDAQ:STLY) traded down $0.01 during trading hours on Tuesday, reaching $0.87. 28,283 shares of the company were exchanged, compared to its average volume of 43,018. Stanley Furniture Company, Inc. has a 12 month low of $0.76 and a 12 month high of $1.39.

An institutional investor recently bought a new position in Stanley Furniture stock. Thompson Davis & CO. Inc. bought a new stake in shares of Stanley Furniture Company, Inc. (NASDAQ:STLY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 226,769 shares of the company’s stock, valued at approximately $259,000. Thompson Davis & CO. Inc. owned about 1.50% of Stanley Furniture as of its most recent SEC filing. 29.13% of the stock is owned by institutional investors.

Separately, ValuEngine raised shares of Stanley Furniture from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.

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Stanley Furniture Company Profile

Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.

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