Integrated Quantitative Investments LLC Invests $992,000 in HNI Co. (NYSE:HNI)

Integrated Quantitative Investments LLC acquired a new stake in shares of HNI Co. (NYSE:HNI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,700 shares of the business services provider's stock, valued at approximately $992,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in shares of HNI in the 4th quarter worth $69,253,000. FMR LLC grew its stake in shares of HNI by 275.3% in the 3rd quarter. FMR LLC now owns 1,836,205 shares of the business services provider's stock worth $98,861,000 after purchasing an additional 1,346,999 shares during the last quarter. Norges Bank bought a new position in shares of HNI in the fourth quarter valued at $7,076,000. Bank of New York Mellon Corp boosted its stake in shares of HNI by 20.1% during the 4th quarter. Bank of New York Mellon Corp now owns 628,272 shares of the business services provider's stock worth $31,646,000 after acquiring an additional 105,034 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of HNI by 216.7% during the 3rd quarter. Barclays PLC now owns 93,131 shares of the business services provider's stock worth $5,015,000 after acquiring an additional 63,724 shares in the last quarter. Institutional investors own 75.26% of the company's stock.

Insiders Place Their Bets

In related news, insider Brian Scott Smith sold 556 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $718,260.60. This trade represents a 3.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.37% of the company's stock.

HNI Stock Up 1.2 %

NYSE:HNI traded up $0.50 during trading hours on Wednesday, hitting $40.76. 93,662 shares of the company's stock traded hands, compared to its average volume of 368,314. HNI Co. has a twelve month low of $39.76 and a twelve month high of $58.42. The firm has a market cap of $1.92 billion, a P/E ratio of 14.10, a P/E/G ratio of 1.14 and a beta of 0.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.10. The stock's fifty day moving average price is $45.86 and its two-hundred day moving average price is $50.29.

HNI (NYSE:HNI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The business had revenue of $642.50 million for the quarter, compared to the consensus estimate of $657.03 million. HNI had a net margin of 5.52% and a return on equity of 18.27%. On average, research analysts expect that HNI Co. will post 3.6 earnings per share for the current fiscal year.

HNI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Monday, February 24th. HNI's payout ratio is presently 45.67%.

Analyst Ratings Changes

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

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.