Creative Planning increased its position in shares of HNI Corp (NYSE:HNI) by 30.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,000 shares of the business services provider’s stock after buying an additional 3,000 shares during the quarter. Creative Planning’s holdings in HNI were worth $327,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of HNI. Norges Bank bought a new position in shares of HNI during the fourth quarter worth about $26,052,000. Goldman Sachs Group Inc. boosted its position in HNI by 69.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 525,067 shares of the business services provider’s stock valued at $19,670,000 after purchasing an additional 215,771 shares during the last quarter. Renaissance Technologies LLC boosted its position in HNI by 451.7% during the fourth quarter. Renaissance Technologies LLC now owns 149,500 shares of the business services provider’s stock valued at $5,600,000 after purchasing an additional 122,400 shares during the last quarter. Acadian Asset Management LLC boosted its position in HNI by 925.1% during the fourth quarter. Acadian Asset Management LLC now owns 114,016 shares of the business services provider’s stock valued at $4,268,000 after purchasing an additional 102,894 shares during the last quarter. Finally, Aperio Group LLC boosted its position in HNI by 288.7% during the first quarter. Aperio Group LLC now owns 91,250 shares of the business services provider’s stock valued at $2,299,000 after purchasing an additional 67,777 shares during the last quarter. Institutional investors and hedge funds own 70.36% of the company’s stock.
In other news, Director Larry B. Porcellato sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $33.34, for a total value of $33,340.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Miguel M. Calado sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.00, for a total value of $84,000.00. Following the completion of the sale, the director now directly owns 46,327 shares of the company’s stock, valued at $1,945,734. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Shares of NYSE HNI opened at $20.98 on Tuesday. The stock has a 50 day moving average price of $23.46 and a 200 day moving average price of $32.99. HNI Corp has a 52 week low of $16.60 and a 52 week high of $42.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.85 and a current ratio of 1.32. The stock has a market capitalization of $894.73 million, a PE ratio of 7.52 and a beta of 1.10.
HNI (NYSE:HNI) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.27. HNI had a return on equity of 21.69% and a net margin of 3.83%. The firm had revenue of $468.70 million during the quarter, compared to analysts’ expectations of $476.51 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.22 annualized dividend and a yield of 5.82%.
HNI Company Profile
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, Lamex, and HNI India brands.
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