Gabelli Funds LLC Reduces Stake in HNI Co. (NYSE:HNI)

Gabelli Funds LLC lowered its position in shares of HNI Co. (NYSE:HNIFree Report) by 36.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,116 shares of the business services provider’s stock after selling 4,000 shares during the period. Gabelli Funds LLC’s holdings in HNI were worth $246,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Snowden Capital Advisors LLC increased its holdings in shares of HNI by 3.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 11,609 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 387 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in HNI by 12.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,781 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 416 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in HNI by 1.8% during the third quarter. Teacher Retirement System of Texas now owns 28,698 shares of the business services provider’s stock worth $994,000 after purchasing an additional 521 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of HNI by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,536 shares of the business services provider’s stock worth $156,000 after buying an additional 570 shares during the last quarter. Finally, Mariner LLC grew its position in shares of HNI by 5.7% in the 4th quarter. Mariner LLC now owns 11,705 shares of the business services provider’s stock valued at $333,000 after buying an additional 630 shares during the last quarter. Hedge funds and other institutional investors own 77.27% of the company’s stock.

HNI Stock Up 1.0 %

HNI stock opened at $42.53 on Monday. HNI Co. has a 12 month low of $24.60 and a 12 month high of $43.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.14 and a quick ratio of 0.68. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. The company has a fifty day moving average price of $41.17 and a 200 day moving average price of $36.68.

Wall Street Analysts Forecast Growth

HNI has been the subject of a number of research reports. StockNews.com cut shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 29th. TheStreet raised HNI from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st.

Read Our Latest Report on HNI

Insider Buying and Selling

In other HNI news, CEO Jeffrey D. Lorenger sold 9,526 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $39.15, for a total transaction of $372,942.90. Following the completion of the sale, the chief executive officer now directly owns 293,119 shares of the company’s stock, valued at approximately $11,475,608.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Jeffrey D. Lorenger sold 9,526 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $39.15, for a total value of $372,942.90. Following the completion of the sale, the chief executive officer now owns 293,119 shares in the company, valued at approximately $11,475,608.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Steven M. Bradford sold 9,288 shares of HNI stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $39.14, for a total transaction of $363,532.32. Following the completion of the sale, the vice president now directly owns 63,178 shares in the company, valued at approximately $2,472,786.92. The disclosure for this sale can be found here. Corporate insiders own 4.09% of the company’s stock.

HNI Profile

(Free Report)

HNI Corporation, together with its subsidiaries, manufactures, sells, and markets 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, and architectural products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF Textiles, HBF, OFM, Respawn, and HNI India brands.

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Institutional Ownership by Quarter for HNI (NYSE:HNI)

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