As Hooker Furniture Corp (HOFT) Market Valuation Rose, Punch & Associates Investment Management INC Has Boosted Its Stake

December 5, 2017 - By Marguerite Chambers

Investors sentiment increased to 1.58 in 2017 Q2. Its up 0.51, from 1.07 in 2017Q1. It is positive, as 9 investors sold HOFT shares while 29 reduced holdings. 31 funds opened positions while 29 raised stakes. 9.59 million shares or 0.99% more from 9.50 million shares in 2017Q1 were reported. 7,037 are owned by Amer Gru Inc. Nationwide Fund Advisors owns 31,826 shares or 0.01% of their US portfolio. Hillsdale Invest Management accumulated 29,200 shares. Moreover, Aqr Cap Mgmt Lc has 0.01% invested in Hooker Furniture Corporation (NASDAQ:HOFT). 7,783 were accumulated by Gsa Capital Prns Llp. Ny State Teachers Retirement Systems has 0% invested in Hooker Furniture Corporation (NASDAQ:HOFT) for 1,000 shares. Moreover, Morgan Dempsey Capital Limited Liability Company has 0.4% invested in Hooker Furniture Corporation (NASDAQ:HOFT). Bb&T Corporation has invested 0.1% of its portfolio in Hooker Furniture Corporation (NASDAQ:HOFT). Bnp Paribas Arbitrage invested in 1,394 shares. Credit Suisse Ag, Switzerland-based fund reported 7,243 shares. Blackrock owns 719,363 shares. California State Teachers Retirement owns 20,090 shares for 0% of their portfolio. Alps Advisors Incorporated reported 15,522 shares or 0% of all its holdings. Deutsche Bankshares Ag has invested 0% in Hooker Furniture Corporation (NASDAQ:HOFT). Tiaa Cref Inv Management Limited Liability Corp accumulated 70,036 shares.

Punch & Associates Investment Management Inc increased its stake in Hooker Furniture Corp (HOFT) by 43.16% based on its latest 2017Q2 regulatory filing with the SEC. Punch & Associates Investment Management Inc bought 87,040 shares as the company’s stock rose 28.05% with the market. The hedge fund held 288,685 shares of the home furnishings company at the end of 2017Q2, valued at $11.88M, up from 201,645 at the end of the previous reported quarter. Punch & Associates Investment Management Inc who had been investing in Hooker Furniture Corp for a number of months, seems to be bullish on the $587.79M market cap company. The stock decreased 0.29% or $0.15 during the last trading session, reaching $50.8. About 19,834 shares traded. Hooker Furniture Corporation (NASDAQ:HOFT) has risen 78.89% since December 5, 2016 and is uptrending. It has outperformed by 62.19% the S&P500.

Punch & Associates Investment Management Inc, which manages about $832.72 million and $1.07B US Long portfolio, decreased its stake in Calamos Dynamic Conv & Incom by 317,468 shares to 269,745 shares, valued at $5.40 million in 2017Q2, according to the filing.

More notable recent Hooker Furniture Corporation (NASDAQ:HOFT) news were published by: Globenewswire.com which released: “Hooker Furniture to Host Third Quarter Earnings Call December 7” on November 16, 2017, also Seekingalpha.com with their article: “Hooker Furniture’s Upside Has Been Captured” published on May 08, 2017, Seekingalpha.com published: “Hooker Furniture: Can We See $50 In 2017?” on September 19, 2017. More interesting news about Hooker Furniture Corporation (NASDAQ:HOFT) were released by: Globenewswire.com and their article: “Hooker Furniture to Acquire Domestic Upholstery Maker Shenandoah” published on September 07, 2017 as well as Seekingalpha.com‘s news article titled: “Hooker Furniture’s (HOFT) CEO Paul Toms on Q1 2018 Results – Earnings Call …” with publication date: June 06, 2017.

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