Insiders and Institutional Investors Selling, Short Interest Growing Hooker Furniture Corporation (NASDAQ:HOFT)

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Here is a rundown on some insider market activity for Hooker Furniture Corporation (NASDAQ:HOFT). Chief Operating Officer George Revington sold 10,000 shares at an average price of $45.88 on September 19th. That brings the Chief Operating Officer’s holdings to $1,158,516 as reported to the SEC. David G. Sweet, Director disclosed the sale of 2,499 shares of (HOFT). The shares sold for $43.95. The Director now owns $438,753 of the stock according to the SEC filing.

George Revington, Chief Operating Officer reported the sale of 10,000 shares. The shares were sold on September 18th for an average price of $44.73. Revington now owns $1,576,777 of the stock per the Form 4 SEC filing.

Hooker Furniture Corporation, launched on April 16, 1996, is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other. The Business’s product lines cover various categories, including European and American traditional, contemporary, transitional, urban, country, casual and cottage designs. It offers furniture in a range of materials, such as various types of wood, metal, leather and fabric, as well as veneer and other natural woven products, often accented with marble, stone, slate, glass, ceramic, brass and/or hand-painted finishes. For its product line, its principal customers are retailers of residential home furnishings. Its other customers include independent furniture stores, specialty retailers, department stores, catalog and Internet merchants, interior designers, and national and regional chains..

These funds have shifted positions in (HOFT). As of quarter end Chartwell Investment Partners, LLC had disposed of 12,000 shares trimming its stake by 10.1%. The value in dollars increased from $3,690,000 to $4,397,000 increasing 19.2% quarter over quarter. As of the end of the quarter Ubs Group Ag had sold a total of 252 shares trimming its holdings by 75.4%. The value of the investment in Hooker Furniture Corporation went from $10,000 to $3,000 a change of $7,000 since the last quarter.

As of quarter end Bronfman E.l. Rothschild, L.p. had disposed of a total of 13 shares trimming its position 68.4%. The value of the total investment in Hooker Furniture Corporation decreased from $1,000 to $0 a change of 100.0% for the reporting period. As of quarter end Hightower Advisors, LLC had disposed of 130 shares trimming its holdings by 0.4%. The value of the investment in HOFT increased from $1,066,000 to $1,402,000 a change of $336,000 quarter to quarter.

In the market the company is trading down since yesterday’s close of 45.2. Additionally the company recently declared a dividend for shareholders that will be paid on Friday the 29th of September 2017. The dividend payment will be $0.120 per share for the quarter or $0.48 annualized. This dividend amount will represent a yield of $1.10. The ex-dividend date has been established as Thursday the 14th of September 2017.

It is currently trading at $44.43 a tad above $42.14, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $40.27. The 50 day moving average was up $2.28 or +5.419% whereas the 200 day average was up by +10.323%.

Hooker Furniture Corporation’s P/E ratio is 17.226 and the market cap is 514.04M. As of the last earnings report the EPS was $2.58 and is projected to be $2.78 for the current year with 11,571,000 shares currently outstanding. Next quarter’s EPS is expected be $1.02 and the next full year EPS is anticipated to be $3.48.

Traders are a little more bearish on shares of the company recently as implied by the change in short interest. The stock had a rise in short interest of 22.72% as of the latest report on August 31, 2017. Short shares increased from 123,104 to 151,071 over that timeframe. Days to cover decreased 0.0 to 4.0 and the percentage of shorted shares was 0.01% on August 31.