Azarias Capital Management L.P. Has $10.57 Million Holdings in Hooker Furnishings Co. (NASDAQ:HOFT)

Azarias Capital Management L.P. lifted its stake in Hooker Furnishings Co. (NASDAQ:HOFT - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 754,328 shares of the company's stock after buying an additional 70,281 shares during the period. Hooker Furnishings makes up approximately 4.7% of Azarias Capital Management L.P.'s holdings, making the stock its 9th largest holding. Azarias Capital Management L.P. owned about 7.04% of Hooker Furnishings worth $10,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HOFT. Copeland Capital Management LLC purchased a new position in shares of Hooker Furnishings in the third quarter valued at about $37,000. Baron Wealth Management LLC purchased a new position in Hooker Furnishings during the 3rd quarter valued at about $215,000. Barclays PLC raised its position in Hooker Furnishings by 270.4% during the 3rd quarter. Barclays PLC now owns 15,463 shares of the company's stock valued at $279,000 after purchasing an additional 11,288 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Hooker Furnishings by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 19,004 shares of the company's stock worth $344,000 after buying an additional 3,966 shares during the last quarter. Finally, Inspire Advisors LLC increased its stake in shares of Hooker Furnishings by 56.6% during the third quarter. Inspire Advisors LLC now owns 20,534 shares of the company's stock valued at $371,000 after buying an additional 7,422 shares during the period. Institutional investors own 73.63% of the company's stock.

Insider Buying and Selling at Hooker Furnishings

In other news, Director Paulette Garafalo sold 2,489 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $17.10, for a total transaction of $42,561.90. Following the sale, the director now owns 20,783 shares in the company, valued at $355,389.30. This represents a 10.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Hooker Furnishings from a "hold" rating to a "sell" rating in a report on Wednesday, February 12th.

Hooker Furnishings Stock Down 0.8 %

Hooker Furnishings stock traded down $0.10 during trading hours on Monday, hitting $13.12. 20,851 shares of the stock traded hands, compared to its average volume of 47,721. The company has a market cap of $140.52 million, a PE ratio of -14.42, a PEG ratio of 0.85 and a beta of 1.25. The company has a current ratio of 3.16, a quick ratio of 1.76 and a debt-to-equity ratio of 0.10. The firm's 50-day moving average price is $13.92 and its two-hundred day moving average price is $15.68. Hooker Furnishings Co. has a one year low of $12.06 and a one year high of $25.80.

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.22). Hooker Furnishings had a negative net margin of 2.46% and a negative return on equity of 3.51%. On average, research analysts forecast that Hooker Furnishings Co. will post -0.44 EPS for the current year.

Hooker Furnishings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend was Friday, December 13th. Hooker Furnishings's dividend payout ratio (DPR) is presently -101.10%.

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.