SCHEDULE 13G/A: Azarias Capital Management Amends SEC Filing, Correcting Hooker Furnishings Stake to 6.4%

Azarias Capital Management, L.P. has filed an amended Schedule 13G, correcting its beneficial ownership in Hooker Furnishings Corp to 6.4% as of September 30, 2024.

Summary

• Azarias Capital Management, L.P. filed an Amendment No. 1 to its Schedule 13G regarding its beneficial ownership in HOOKER FURNISHINGS Corp.
• The amendment was filed to correct an error in a prior Schedule 13G filing, which inaccurately reported the amount of beneficial ownership.
• As of September 30, 2024, Azarias Capital Management, L.P. beneficially owns 682,855 shares of Hooker Furnishings Corp Common Stock.
• This ownership represents 6.4% of the class of securities.
• Azarias Capital Management, L.P. holds sole voting power over all 682,855 shares and no shared voting or dispositive power.
• The reporting person is classified as an Investment Adviser (IA).

Sentiment

Score: 5

Explanation: The document is neutral as it primarily serves to correct a factual error in a previous regulatory filing, providing clarity on beneficial ownership without indicating positive or negative operational or financial performance for the issuer.

Positives

• The filing corrects a previous error, ensuring accuracy in public records regarding beneficial ownership.

Negatives

• The previous Schedule 13G filing contained an error in reporting the amount of beneficial ownership.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Hooker Furnishings Corp's future performance or Azarias Capital Management's future investment intentions beyond the current beneficial ownership.

Management Comments

• Azarias Capital Management, L.P. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having such purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

This filing is a standard regulatory disclosure of beneficial ownership by an investment adviser and does not provide broader industry context or trends for the furniture or home furnishings sector.

Stakeholder Impact

• Shareholders: Provides clarified and accurate information regarding a significant institutional investor's stake in the company.

Key Dates

Keywords

Hooker Furnishings Corp, Azarias Capital Management, Schedule 13G, beneficial ownership, common stock, SEC filing, investment adviser, amendment