Stanley Furniture (NASDAQ:STLY) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

Shares of Stanley Furniture (NASDAQ STLY) traded up $0.02 during mid-day trading on Friday, reaching $0.87. 53,499 shares of the company’s stock traded hands, compared to its average volume of 52,829. Stanley Furniture has a 52-week low of $0.76 and a 52-week high of $1.39.

A hedge fund recently bought a new stake in Stanley Furniture stock. Thompson Davis & CO. Inc. bought a new stake in Stanley Furniture Company, Inc. (NASDAQ:STLY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 226,769 shares of the company’s stock, valued at approximately $259,000. Thompson Davis & CO. Inc. owned about 1.50% of Stanley Furniture at the end of the most recent reporting period. 29.13% of the stock is currently owned by institutional investors.

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About Stanley Furniture

Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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