Heritage Wealth Advisors buys $2,013,494 stake in Stanley Furniture Co. (STLY)

Stanley Furniture Co. (STLY) : Heritage Wealth Advisors scooped up 62,827 additional shares in Stanley Furniture Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 780,424 shares of Stanley Furniture Co. which is valued at $2,013,494.Stanley Furniture Co. makes up approximately 1.57% of Heritage Wealth Advisors’s portfolio.

Stanley Furniture Co. (STLY) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.528 and reached the intraday high at $2.58. The bulls started the profit booking and pushed the shares to intraday low of $2.5111. The trading session was marked by a volume range of 9,966 shares exchanging hands. The 52-week high of the shares is $3.386 and the 52-week low is $2.25. The market cap of the company stands at $38 M and there are 1,46,99,677 shares in public circulation.

Other Hedge Funds, Including , Thompson Davis sold out all of its stake in STLY during the most recent quarter. The investment firm sold 61,599 shares of STLY which is valued $158,925.Highpoint Advisor Group reduced its stake in STLY by selling 2,500 shares or 13.89% in the most recent quarter. The Hedge Fund company now holds 15,500 shares of STLY which is valued at $39,835. Stanley Furniture Co. makes up approx 0.02% of Highpoint Advisor Group’s portfolio.

On the company’s financial health, Stanley Furniture Co. reported $-0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $-0.01. The company had revenue of $11.68 million for the quarter, compared to analysts expectations of $12.47 million. The company’s revenue was down -20.4 % compared to the same quarter last year.

Stanley Furniture Company Inc. is a design marketing and sourcing resource in the wood residential furniture market. The Company distributes and markets its Stanley Furniture brand through a network of retailers and interior designers around the world. The Company’s products are marketed as wood residential home furnishings and include a range of offerings for the home including dining bedroom living room home office and home entertainment and accent items. The Company provides products in a range of wood species and finishes. The Company sells its furniture mainly through independent sales representatives to a range of wholesale customers such as owner-operated furniture stores interior design and architecture professionals decorators specialty retailers regional furniture chains buying clubs and e-commerce retailers. The Company’s product is sourced from independently owned factories in Southeast Asia primarily in Indonesia and Vietnam.

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