GSA Capital Partners LLP Invests $1.12 Million in Haverty Furniture Companies, Inc. $HVT

GSA Capital Partners LLP acquired a new stake in Haverty Furniture Companies, Inc. (NYSE:HVT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,000 shares of the company’s stock, valued at approximately $1,118,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Haverty Furniture Companies by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 910,883 shares of the company’s stock worth $19,976,000 after acquiring an additional 28,111 shares during the period. Essex Investment Management Co. LLC boosted its holdings in shares of Haverty Furniture Companies by 3.4% during the third quarter. Essex Investment Management Co. LLC now owns 75,658 shares of the company’s stock worth $1,659,000 after purchasing an additional 2,458 shares during the last quarter. State of Wyoming grew its position in shares of Haverty Furniture Companies by 198.8% in the third quarter. State of Wyoming now owns 8,555 shares of the company’s stock valued at $188,000 after purchasing an additional 5,692 shares during the period. Waters Parkerson & CO. LLC increased its stake in Haverty Furniture Companies by 9.8% in the third quarter. Waters Parkerson & CO. LLC now owns 35,450 shares of the company’s stock valued at $777,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Haverty Furniture Companies during the third quarter worth about $1,123,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Trading Up 0.2%

Haverty Furniture Companies stock opened at $25.93 on Friday. The stock has a 50 day moving average of $25.45 and a 200-day moving average of $23.41. The stock has a market cap of $421.88 million, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32. Haverty Furniture Companies, Inc. has a 52 week low of $17.01 and a 52 week high of $27.67.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Haverty Furniture Companies in a report on Monday, December 29th. Wall Street Zen raised shares of Haverty Furniture Companies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Finally, Zacks Research lowered shares of Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Haverty Furniture Companies presently has a consensus rating of “Reduce”.

Insider Activity

In related news, Director Rawson Haverty, Jr. sold 7,500 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $24.86, for a total transaction of $186,450.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.63% of the company’s stock.

Haverty Furniture Companies Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.