Deprince Race & Zollo Inc. boosted its position in HNI Corp. (NYSE:HNI) by 850.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,692 shares of the company’s stock after buying an additional 287,841 shares during the period. Deprince Race & Zollo Inc.’s holdings in HNI Corp. were worth $14,955,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY increased its stake in HNI Corp. by 5.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 71,824 shares of the company’s stock worth $2,813,000 after buying an additional 3,471 shares in the last quarter. Springbok Capital Management LLC increased its stake in HNI Corp. by 92.8% in the first quarter. Springbok Capital Management LLC now owns 16,000 shares of the company’s stock worth $627,000 after buying an additional 7,700 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in HNI Corp. during the first quarter worth about $807,000. AMP Capital Investors Ltd increased its stake in HNI Corp. by 99.2% in the first quarter. AMP Capital Investors Ltd now owns 11,500 shares of the company’s stock worth $443,000 after buying an additional 5,726 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in HNI Corp. by 81.4% in the first quarter. Renaissance Technologies LLC now owns 426,000 shares of the company’s stock worth $16,686,000 after buying an additional 191,200 shares in the last quarter. 68.01% of the stock is owned by institutional investors and hedge funds.
Shares of HNI Corp. (NYSE:HNI) traded down 0.68% during trading on Wednesday, hitting $39.34. The stock had a trading volume of 210,141 shares. HNI Corp. has a 1-year low of $29.84 and a 1-year high of $56.96. The stock’s 50-day moving average price is $49.50 and its 200 day moving average price is $46.54. The firm has a market capitalization of $1.75 billion, a P/E ratio of 15.65 and a beta of 1.50.
HNI Corp. (NYSE:HNI) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. HNI Corp. had a return on equity of 26.76% and a net margin of 5.06%. On average, analysts anticipate that HNI Corp. will post $2.72 earnings per share for the current year.
A number of research firms have issued reports on HNI. Raymond James Financial Inc. downgraded HNI Corp. from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 20th. Zacks Investment Research downgraded HNI Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, September 21st.
In related news, Chairman Stanley A. Askren sold 58,676 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $52.30, for a total value of $3,068,754.80. Following the sale, the chairman now owns 254,378 shares in the company, valued at approximately $13,303,969.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jerald K. Dittmer sold 1,404 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $53.50, for a total value of $75,114.00. Following the completion of the sale, the insider now owns 22,823 shares in the company, valued at approximately $1,221,030.50. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.
About HNI Corp.
HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.
Want to see what other hedge funds are holding HNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HNI Corp. (NYSE:HNI).
Receive News & Ratings for HNI Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HNI Corp. and related companies with MarketBeat.com's FREE daily email newsletter.