Atlantic Union Bankshares Corp Takes $198,000 Position in Hooker Furnishings Co. (NASDAQ:HOFT)

Atlantic Union Bankshares Corp acquired a new position in Hooker Furnishings Co. (NASDAQ:HOFT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,640 shares of the company’s stock, valued at approximately $198,000. Atlantic Union Bankshares Corp owned about 0.13% of Hooker Furnishings as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in Hooker Furnishings in the first quarter valued at about $77,000. Virtus Investment Advisers Inc. acquired a new position in shares of Hooker Furnishings during the first quarter valued at about $106,000. Acadian Asset Management LLC purchased a new position in shares of Hooker Furnishings in the 1st quarter valued at approximately $107,000. BNP Paribas Financial Markets boosted its stake in Hooker Furnishings by 71.8% in the 1st quarter. BNP Paribas Financial Markets now owns 5,191 shares of the company’s stock worth $125,000 after purchasing an additional 2,170 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in Hooker Furnishings in the 4th quarter worth approximately $172,000. Institutional investors own 73.63% of the company’s stock.

Insiders Place Their Bets

In other Hooker Furnishings news, Director Tonya Harris Jackson bought 1,850 shares of Hooker Furnishings stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average price of $13.61 per share, with a total value of $25,178.50. Following the completion of the acquisition, the director now directly owns 25,229 shares in the company, valued at approximately $343,366.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.

Hooker Furnishings Price Performance

Hooker Furnishings stock traded up $0.91 during mid-day trading on Friday, reaching $15.74. 33,278 shares of the company traded hands, compared to its average volume of 36,950. The firm’s fifty day moving average is $14.48 and its two-hundred day moving average is $18.41. The company has a market capitalization of $168.13 million, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 11.94 and a beta of 1.20. Hooker Furnishings Co. has a fifty-two week low of $13.09 and a fifty-two week high of $27.15.

Hooker Furnishings (NASDAQ:HOFT) last released its earnings results on Thursday, June 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.36). The firm had revenue of $93.57 million during the quarter, compared to analyst estimates of $94.94 million. Hooker Furnishings had a net margin of 1.07% and a return on equity of 1.92%. As a group, equities research analysts predict that Hooker Furnishings Co. will post 0.09 earnings per share for the current year.

Hooker Furnishings Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.23 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.92 annualized dividend and a yield of 5.84%. Hooker Furnishings’s dividend payout ratio (DPR) is presently 235.90%.

Hooker Furnishings Company Profile

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.