HNI Co. (NYSE:HNI) Shares Acquired by Mariner LLC

Mariner LLC grew its holdings in shares of HNI Co. (NYSE:HNI - Free Report) by 803.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,259 shares of the business services provider's stock after purchasing an additional 90,936 shares during the period. Mariner LLC owned approximately 0.21% of HNI worth $5,151,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Ritholtz Wealth Management acquired a new stake in HNI in the fourth quarter valued at $876,000. Vanguard Group Inc. lifted its holdings in shares of HNI by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,718,014 shares of the business services provider's stock valued at $288,016,000 after purchasing an additional 62,476 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of HNI by 4.9% in the fourth quarter. Principal Financial Group Inc. now owns 250,181 shares of the business services provider's stock valued at $12,602,000 after purchasing an additional 11,716 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of HNI by 54.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 136,923 shares of the business services provider's stock worth $7,372,000 after purchasing an additional 48,237 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in HNI by 20.1% in the 4th quarter. Bank of New York Mellon Corp now owns 628,272 shares of the business services provider's stock valued at $31,646,000 after buying an additional 105,034 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded HNI from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st.

Insider Buying and Selling at HNI

In related news, insider Brian Scott Smith sold 556 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $49.90, for a total value of $27,744.40. Following the transaction, the insider now directly owns 14,394 shares of the company's stock, valued at approximately $718,260.60. This trade represents a 3.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.37% of the stock is owned by company insiders.

HNI Trading Up 2.1 %

Shares of HNI traded up $0.87 on Thursday, hitting $42.31. 138,021 shares of the stock traded hands, compared to its average volume of 299,889. HNI Co. has a 1 year low of $39.76 and a 1 year high of $58.42. The firm has a market capitalization of $1.99 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.14 and a beta of 0.78. The stock's 50 day moving average is $44.12 and its two-hundred day moving average is $49.41. The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

HNI (NYSE:HNI - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.13. HNI had a return on equity of 18.27% and a net margin of 5.52%. The firm had revenue of $642.50 million for the quarter, compared to the consensus estimate of $657.03 million. As a group, sell-side analysts predict that HNI Co. will post 3.6 earnings per share for the current year.

HNI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Monday, February 24th. HNI's dividend payout ratio is currently 45.67%.

HNI Company Profile

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.