GSA Capital Partners LLP Buys New Position in Haverty Furniture Companies, Inc. $HVT

GSA Capital Partners LLP bought a new stake in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,000 shares of the company’s stock, valued at approximately $1,118,000. GSA Capital Partners LLP owned 0.31% of Haverty Furniture Companies at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HVT. Raymond James Financial Inc. acquired a new position in shares of Haverty Furniture Companies in the 2nd quarter valued at $31,000. State of Wyoming acquired a new position in shares of Haverty Furniture Companies in the second quarter worth about $58,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Haverty Furniture Companies by 7.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock worth $175,000 after acquiring an additional 651 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Haverty Furniture Companies by 146.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,201 shares of the company’s stock valued at $187,000 after acquiring an additional 5,465 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Haverty Furniture Companies during the 2nd quarter valued at about $312,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HVT. Weiss Ratings reiterated a “hold (c)” rating on shares of Haverty Furniture Companies in a research report on Monday, December 29th. Zacks Research lowered Haverty Furniture Companies from a “hold” rating to a “strong sell” rating in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Haverty Furniture Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Haverty Furniture Companies has an average rating of “Reduce”.

Haverty Furniture Companies Stock Performance

Shares of HVT stock opened at $25.93 on Friday. The company has a 50 day moving average price of $25.45 and a 200 day moving average price of $23.41. The stock has a market capitalization of $421.88 million, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32. Haverty Furniture Companies, Inc. has a fifty-two week low of $17.01 and a fifty-two week high of $27.67.

Insiders Place Their Bets

In other news, Director Rawson Haverty, Jr. sold 7,500 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $24.86, for a total value of $186,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.63% of the company’s stock.

Haverty Furniture Companies Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and home décor in the United States. Founded in 1885 by J.J. Haverty and headquartered in Atlanta, Georgia, the company offers a broad assortment of upholstered furniture, case goods, mattresses, area rugs and decorative accessories. Customers can shop through a network of company-owned showrooms as well as an e-commerce platform, supported by in-house design services, delivery options and consumer financing programs.

Over more than a century of operation, Havertys has expanded its presence primarily across the Southeast and select markets beyond.