Weiss Asset Management LP Sells 84,506 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Weiss Asset Management LP decreased its position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 69.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,554 shares of the company's stock after selling 84,506 shares during the period. Weiss Asset Management LP owned approximately 0.22% of Haverty Furniture Companies worth $1,004,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HVT. Pzena Investment Management LLC purchased a new position in shares of Haverty Furniture Companies in the third quarter worth about $19,768,000. Wulff Hansen & CO. increased its holdings in shares of Haverty Furniture Companies by 2,503.4% in the second quarter. Wulff Hansen & CO. now owns 573,122 shares of the company's stock worth $14,494,000 after buying an additional 551,108 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Haverty Furniture Companies in the third quarter worth about $6,129,000. CWA Asset Management Group LLC purchased a new position in shares of Haverty Furniture Companies in the third quarter worth about $3,956,000. Finally, Verition Fund Management LLC purchased a new position in shares of Haverty Furniture Companies in the third quarter worth about $3,886,000. Hedge funds and other institutional investors own 80.57% of the company's stock.

Haverty Furniture Companies Price Performance

NYSE:HVT traded up $1.00 during mid-day trading on Monday, reaching $23.70. 169,919 shares of the company's stock traded hands, compared to its average volume of 183,073. 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 $388.92 million, a price-to-earnings ratio of 14.28, a PEG ratio of 2.03 and a beta of 1.47. The company has a 50 day moving average price of $24.16 and a 200-day moving average price of $25.84.

Haverty Furniture Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 yield of 5.40%. Haverty Furniture Companies's dividend payout ratio is presently 80.50%.

Analyst Ratings Changes

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

Haverty Furniture Companies Profile

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.