Chartwell Investment Partners LLC Has $1.67 Million Position in Hooker Furniture Co. (HOFT)

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Chartwell Investment Partners LLC cut its position in Hooker Furniture Co. (NASDAQ:HOFT) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,838 shares of the company’s stock after selling 512 shares during the quarter. Chartwell Investment Partners LLC owned about 0.49% of Hooker Furniture worth $1,667,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HOFT. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Hooker Furniture by 841.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,054 shares of the company’s stock valued at $28,000 after purchasing an additional 942 shares during the last quarter. Legal & General Group Plc lifted its holdings in Hooker Furniture by 24.4% during the 4th quarter. Legal & General Group Plc now owns 2,198 shares of the company’s stock valued at $58,000 after purchasing an additional 431 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Hooker Furniture by 26.0% during the 4th quarter. AdvisorNet Financial Inc now owns 2,368 shares of the company’s stock valued at $62,000 after purchasing an additional 489 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Hooker Furniture by 309.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,607 shares of the company’s stock valued at $95,000 after purchasing an additional 2,725 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Hooker Furniture by 16.1% during the 4th quarter. Citigroup Inc. now owns 3,701 shares of the company’s stock valued at $97,000 after purchasing an additional 512 shares during the last quarter. 86.15% of the stock is owned by institutional investors and hedge funds.

HOFT opened at $29.77 on Tuesday. Hooker Furniture Co. has a fifty-two week low of $24.85 and a fifty-two week high of $49.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.46 and a quick ratio of 1.93. The firm has a market cap of $355.79 million, a PE ratio of 9.93 and a beta of 0.56.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, March 15th.

Separately, BidaskClub raised Hooker Furniture from a “sell” rating to a “hold” rating in a report on Monday, April 1st.

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About Hooker Furniture

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. 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.

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

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