GSA Capital Partners LLP Increases Stake in Haverty Furniture Companies, Inc. (NYSE:HVT)

Key Points

• GSA Capital Partners LLP increased its holdings in Haverty Furniture Companies by 59.7%, now owning 39,209 shares valued at approximately $773,000.
• Haverty Furniture reported earnings of $0.16 per share for the last quarter, exceeding the consensus estimate of $0.15, alongside revenue of $181.03 million.
• The company recently announced a quarterly dividend of $0.32 per share, representing an annual yield of 6.3% with a payout ratio of 111.30%.

GSA Capital Partners LLP increased its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) by 59.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,209 shares of the company's stock after buying an additional 14,657 shares during the period. GSA Capital Partners LLP owned about 0.24% of Haverty Furniture Companies worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of Haverty Furniture Companies by 38.1% during the 4th quarter. Ameriprise Financial Inc. now owns 145,764 shares of the company's stock valued at $3,245,000 after buying an additional 40,218 shares in the last quarter. Barclays PLC lifted its position in shares of Haverty Furniture Companies by 44.0% during the 4th quarter. Barclays PLC now owns 53,330 shares of the company's stock valued at $1,188,000 after buying an additional 16,283 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Haverty Furniture Companies during the 4th quarter valued at approximately $511,000. D. E. Shaw & Co. Inc. lifted its position in shares of Haverty Furniture Companies by 115.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 100,212 shares of the company's stock valued at $2,231,000 after buying an additional 53,643 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Haverty Furniture Companies by 4,637.0% in the 1st quarter. GAMMA Investing LLC now owns 4,358 shares of the company's stock valued at $860,000 after purchasing an additional 4,266 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on HVT. Wall Street Zen lowered Haverty Furniture Companies from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Sidoti upgraded Haverty Furniture Companies to a "hold" rating in a report on Tuesday, April 29th.

Haverty Furniture Companies Price Performance

Shares of NYSE:HVT traded up $0.42 during midday trading on Tuesday, reaching $21.25. 34,611 shares of the company's stock were exchanged, compared to its average volume of 130,901. The firm's 50 day simple moving average is $20.86 and its two-hundred day simple moving average is $20.70. The stock has a market cap of $343.24 million, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.42 and a beta of 1.42. Haverty Furniture Companies, Inc. has a fifty-two week low of $17.01 and a fifty-two week high of $29.54.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. The firm had revenue of $181.03 million during the quarter, compared to the consensus estimate of $177.11 million. Haverty Furniture Companies had a return on equity of 6.39% and a net margin of 2.71%. Equities research analysts predict that Haverty Furniture Companies, Inc. will post 0.88 earnings per share for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 2nd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, June 2nd. Haverty Furniture Companies's payout ratio is currently 111.30%.

Insiders Place Their Bets

In other Haverty Furniture Companies news, Director Rawson Haverty, Jr. sold 1,500 shares of Haverty Furniture Companies stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $20.67, for a total value of $31,005.00. Following the completion of the transaction, the director directly owned 38,023 shares of the company's stock, valued at $785,935.41. The trade was a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.63% of the stock is currently owned by corporate insiders.

Haverty Furniture Companies Company 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.