Granite Investment Partners LLC raised its position in Hooker Furniture Corp. (NASDAQ:HOFT) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,667 shares of the company’s stock after buying an additional 2,951 shares during the period. Granite Investment Partners LLC owned approximately 0.53% of Hooker Furniture Corp. worth $1,510,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Advisors LLC increased its stake in Hooker Furniture Corp. by 1.4% in the second quarter. BlackRock Advisors LLC now owns 5,666 shares of the company’s stock worth $122,000 after buying an additional 76 shares in the last quarter. Walleye Trading LLC increased its stake in Hooker Furniture Corp. by 649.1% in the second quarter. Walleye Trading LLC now owns 8,300 shares of the company’s stock worth $178,000 after buying an additional 7,192 shares in the last quarter. Analytic Investors LLC acquired a new stake in Hooker Furniture Corp. during the second quarter worth $300,000. Highbridge Capital Management LLC acquired a new stake in Hooker Furniture Corp. during the second quarter worth $302,000. Finally, Barclays PLC increased its stake in Hooker Furniture Corp. by 40,312.5% in the first quarter. Barclays PLC now owns 12,932 shares of the company’s stock worth $413,000 after buying an additional 12,900 shares in the last quarter. 81.42% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Hooker Furniture Corp. (NASDAQ:HOFT)

Hooker Furniture Corp. (NASDAQ:HOFT) traded up 0.92% during mid-day trading on Tuesday, hitting $27.55. 169,015 shares of the stock were exchanged. The stock has a 50 day moving average of $26.43 and a 200-day moving average of $24.46. Hooker Furniture Corp. has a 52-week low of $20.29 and a 52-week high of $35.95. The stock has a market cap of $317.82 million, a price-to-earnings ratio of 18.67 and a beta of 0.73.

Hooker Furniture Corp. (NASDAQ:HOFT) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The company earned $136.20 million during the quarter, compared to the consensus estimate of $144.40 million. Hooker Furniture Corp. had a return on equity of 10.93% and a net margin of 4.33%. Hooker Furniture Corp.’s revenue was up 126.6% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. Equities analysts predict that Hooker Furniture Corp. will post $1.80 EPS for the current fiscal year.

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About Hooker Furniture Corp.

Hooker Furniture Corporation 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.

5 Day Chart for NASDAQ:HOFT

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