Verition Fund Management LLC Takes $3.89 Million Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Verition Fund Management LLC purchased a new stake in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 141,456 shares of the company's stock, valued at approximately $3,886,000. Verition Fund Management LLC owned about 0.86% of Haverty Furniture Companies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wulff Hansen & CO. raised its stake in Haverty Furniture Companies by 2,503.4% in the 2nd quarter. Wulff Hansen & CO. now owns 573,122 shares of the company's stock worth $14,494,000 after purchasing an additional 551,108 shares in the last quarter. Vest Financial LLC bought a new position in Haverty Furniture Companies during the second quarter worth $1,087,000. Pzena Investment Management LLC bought a new position in shares of Haverty Furniture Companies during the 3rd quarter worth approximately $19,768,000. American Century Companies Inc. boosted its stake in Haverty Furniture Companies by 19.0% during the second quarter. American Century Companies Inc. now owns 320,672 shares of the company's stock worth $8,110,000 after acquiring an additional 51,302 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Haverty Furniture Companies by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,105,487 shares of the company's stock worth $37,719,000 after purchasing an additional 17,354 shares during the period. 80.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Haverty Furniture Companies from a "buy" rating to a "hold" rating in a report on Friday, October 25th.

Haverty Furniture Companies Stock Down 0.2 %

NYSE:HVT traded down $0.05 during midday trading on Wednesday, hitting $23.26. The company had a trading volume of 157,608 shares, compared to its average volume of 183,626. The company has a market capitalization of $381.70 million, a PE ratio of 14.67, a P/E/G ratio of 2.14 and a beta of 1.47. Haverty Furniture Companies, Inc. has a 52-week low of $21.61 and a 52-week high of $37.05. The stock's fifty day moving average price is $24.37 and its 200-day moving average price is $25.95.

Haverty Furniture Companies Announces Dividend

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

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.