Hantz Financial Services Inc. Buys 2,790 Shares of HNI Co. (NYSE:HNI)

Hantz Financial Services Inc. grew its position in HNI Co. (NYSE:HNI) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,407 shares of the business services provider’s stock after purchasing an additional 2,790 shares during the quarter. Hantz Financial Services Inc.’s holdings in HNI were worth $2,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cetera Advisors LLC raised its holdings in HNI by 18.0% in the 1st quarter. Cetera Advisors LLC now owns 7,779 shares of the business services provider’s stock worth $351,000 after acquiring an additional 1,187 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of HNI by 60.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,710 shares of the business services provider’s stock worth $392,000 after purchasing an additional 3,285 shares during the last quarter. Summit Global Investments bought a new stake in HNI during the 2nd quarter valued at approximately $1,114,000. SummerHaven Investment Management LLC grew its holdings in HNI by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 27,150 shares of the business services provider’s stock valued at $1,222,000 after buying an additional 338 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in HNI by 3.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 23,800 shares of the business services provider’s stock worth $1,071,000 after buying an additional 700 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

HNI Stock Up 0.7 %

Shares of HNI opened at $56.65 on Friday. HNI Co. has a 52 week low of $38.63 and a 52 week high of $58.42. The firm has a market capitalization of $2.71 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.60 and a beta of 0.85. The company has a 50-day simple moving average of $53.65 and a 200-day simple moving average of $50.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.09.

HNI (NYSE:HNI) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. HNI had a return on equity of 19.29% and a net margin of 4.83%. The firm had revenue of $672.20 million during the quarter, compared to analysts’ expectations of $712.75 million. During the same quarter in the prior year, the firm posted $0.93 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities research analysts expect that HNI Co. will post 2.93 earnings per share for the current year.

HNI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.33%. HNI’s dividend payout ratio is currently 51.16%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised HNI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at HNI

In other HNI news, insider Brian Scott Smith sold 2,284 shares of HNI stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $54.00, for a total transaction of $123,336.00. Following the sale, the insider now directly owns 11,902 shares of the company’s stock, valued at approximately $642,708. The trade was a 16.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.36% of the company’s stock.

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.