Insider Buying: Micah Goldstein Acquires 1,290 Shares of Stanley Furniture Stock (STLY)
Stanley Furniture (NASDAQ:STLY) CFO Micah Goldstein purchased 1,290 shares of Stanley Furniture stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average price of $3.79 per share, for a total transaction of $4,889.10. Following the completion of the purchase, the chief financial officer now directly owns 112,618 shares in the company, valued at approximately $426,822. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Stanley Furniture from a “sell” rating to a “hold” rating in a research note to investors on Monday, October 21st.
Shares of Stanley Furniture (NASDAQ:STLY) traded down 0.26% during mid-day trading on Tuesday, hitting $3.9199. 22,803 shares of the company’s stock traded hands. Stanley Furniture has a 52 week low of $3.30 and a 52 week high of $5.00. The stock’s 50-day moving average is $3.46 and its 200-day moving average is $3.98. The company’s market cap is $56.9 million.
Stanley Furniture (NASDAQ:STLY) last posted its quarterly earnings results on Monday, October 14th. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.11) by $0.06. The company had revenue of $24.00 million for the quarter, compared to the consensus estimate of $25.32 million. During the same quarter last year, the company posted ($0.13) earnings per share. Stanley Furniture’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Stanley Furniture will post $-0.65 earnings per share for the current fiscal year.
Stanley Furniture Company, Inc is a designer and manufacturer of residential wood furniture. The Company’s product offerings include dining room, bedroom, home office, home entertainment, accent tables and Young America, its infant-to-teen furniture.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.