Paloma Partners Management Co Acquires New Shares in Haverty Furniture Companies, Inc. (NYSE:HVT)

Paloma Partners Management Co purchased a new stake in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 23,087 shares of the company's stock, valued at approximately $634,000. Paloma Partners Management Co owned about 0.14% of Haverty Furniture Companies as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of HVT. US Bancorp DE acquired a new position in Haverty Furniture Companies during the 3rd quarter worth about $109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Haverty Furniture Companies by 22.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company's stock valued at $140,000 after acquiring an additional 1,034 shares in the last quarter. Quest Partners LLC purchased a new position in Haverty Furniture Companies in the third quarter valued at approximately $185,000. Harbor Capital Advisors Inc. lifted its stake in Haverty Furniture Companies by 79.9% in the second quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company's stock valued at $197,000 after purchasing an additional 3,451 shares during the last quarter. Finally, DRW Securities LLC purchased a new position in Haverty Furniture Companies during the third quarter valued at approximately $296,000. Institutional investors own 80.57% of the company's stock.

Haverty Furniture Companies Price Performance

NYSE:HVT traded down $0.05 during mid-day trading on Wednesday, reaching $23.26. 157,608 shares of the company's stock traded hands, compared to its average volume of 183,626. Haverty Furniture Companies, Inc. has a 12-month low of $21.61 and a 12-month high of $37.05. The firm has a market capitalization of $381.70 million, a price-to-earnings ratio of 14.67, a PEG ratio of 2.14 and a beta of 1.47. The company has a 50 day moving average price of $24.37 and a 200-day moving average price of $25.95.

Haverty Furniture Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.50%. Haverty Furniture Companies's dividend payout ratio (DPR) is 80.50%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research note on Friday, October 25th.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.