Hantz Financial Services Inc. Decreases Position in HNI Co. (NYSE:HNI)

Hantz Financial Services Inc. trimmed its holdings in HNI Co. (NYSE:HNI - Free Report) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,247 shares of the business services provider's stock after selling 14,160 shares during the period. Hantz Financial Services Inc. owned 0.08% of HNI worth $1,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HNI. Eastern Bank purchased a new stake in HNI in the 3rd quarter valued at $27,000. GAMMA Investing LLC boosted its position in shares of HNI by 51.6% during the 3rd quarter. GAMMA Investing LLC now owns 670 shares of the business services provider's stock valued at $36,000 after acquiring an additional 228 shares during the last quarter. Covestor Ltd grew its holdings in shares of HNI by 219.9% in the third quarter. Covestor Ltd now owns 739 shares of the business services provider's stock valued at $40,000 after purchasing an additional 508 shares during the period. Icon Wealth Advisors LLC acquired a new stake in HNI during the third quarter worth about $84,000. Finally, Farther Finance Advisors LLC raised its stake in HNI by 4,746.7% during the third quarter. Farther Finance Advisors LLC now owns 2,181 shares of the business services provider's stock worth $117,000 after purchasing an additional 2,136 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $56.95, for a total value of $113,900.00. Following the sale, the director now owns 37,880 shares of the company's stock, valued at $2,157,266. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.36% of the stock is currently owned by insiders.

HNI Trading Down 4.9 %

NYSE:HNI traded down $2.43 on Monday, reaching $47.42. The company's stock had a trading volume of 216,363 shares, compared to its average volume of 284,409. HNI Co. has a 12-month low of $40.22 and a 12-month high of $58.42. The stock has a 50 day moving average price of $51.99 and a 200 day moving average price of $52.33. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.36.

HNI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.33 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.78%. HNI's payout ratio is currently 51.16%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of HNI from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 31st.

HNI 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.