Hooker Furnishings (HOFT) gains 8.84% shareholder stake from Donald Smith & Co.
Rhea-AI Filing Summary
Donald Smith & Co., Inc., together with DSCO Value Fund, L.P. and John Piermont, reports beneficial ownership of Hooker Furnishings Corp common stock. The group holds 952,422 shares, representing 8.84% of the common stock. Donald Smith & Co., Inc. has sole voting power over 894,362 shares and sole dispositive power over 939,762 shares, while DSCO Value Fund, L.P. and John Piermont each hold smaller portions with sole voting and dispositive power. The shares are held for advisory clients, who retain the ultimate right to dividends and sale proceeds, and no single underlying client holds more than five percent of the outstanding common stock.
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Key Figures
Beneficial ownership: 952,422 shares
Percent of class: 8.84%
Sole voting power: 894,362 shares
+3 more
6 metrics
Beneficial ownership
952,422 shares
Common stock of Hooker Furnishings Corp reported as beneficially owned
Percent of class
8.84%
Portion of Hooker Furnishings Corp common stock class beneficially owned
Sole voting power
894,362 shares
Shares over which Donald Smith & Co., Inc. has sole power to vote
Sole voting power DSCO Value Fund
10,660 shares
Shares over which DSCO Value Fund, L.P. has sole voting power
Sole voting power John Piermont
2,000 shares
Shares over which John Piermont has sole voting power
Sole dispositive power Donald Smith & Co.
939,762 shares
Shares over which Donald Smith & Co., Inc. has sole dispositive power
Key Terms
beneficially owned, sole voting power, sole dispositive power, investment advisor, +1 more
5 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 952,422"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"5 | Sole Voting Power 894,362.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"7 | Sole Dispositive Power 939,762.00 8 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
investment advisor financial
"institutional clients which Donald Smith & Co., Inc. serves as investment advisor"
An investment advisor is a person or firm that provides personalized guidance on buying, selling and managing investments and often oversees client portfolios for a fee. For investors this matters because the advisor shapes risk, costs and long-term returns, and is typically required by law to act in the client’s best interests — think of them as a financial coach or GPS that helps navigate choices and avoid costly detours.
Schedule 13G regulatory
"If a group has filed this schedule pursuant to 1(c) or 1(d)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Does any single client of Donald Smith & Co. hold more than 5% of HOFT common stock?
The filing states that, to Donald Smith & Co., Inc.’s knowledge, no single advisory client owns more than 5% of the outstanding common stock of Hooker Furnishings Corp among the securities reported.