Mariner LLC Purchases 90,936 Shares of HNI Co. (NYSE:HNI)

Mariner LLC boosted its holdings in HNI Co. (NYSE:HNI - Free Report) by 803.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,259 shares of the business services provider's stock after buying an additional 90,936 shares during the period. Mariner LLC owned approximately 0.21% of HNI worth $5,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HNI. Vanguard Group Inc. boosted its position in shares of HNI by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,718,014 shares of the business services provider's stock valued at $288,016,000 after acquiring an additional 62,476 shares in the last quarter. FMR LLC boosted its position in HNI by 6.8% in the fourth quarter. FMR LLC now owns 1,960,596 shares of the business services provider's stock valued at $98,755,000 after buying an additional 124,391 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of HNI during the fourth quarter worth approximately $69,253,000. Geode Capital Management LLC boosted its holdings in shares of HNI by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,091,498 shares of the business services provider's stock worth $54,992,000 after acquiring an additional 6,668 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in 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 valued at $31,646,000 after purchasing an additional 105,034 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

HNI Trading Down 0.9 %

NYSE:HNI traded down $0.39 during trading hours on Friday, hitting $41.97. 33,589 shares of the stock were exchanged, compared to its average volume of 352,445. The company has a market capitalization of $1.97 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 1.14 and a beta of 0.78. HNI Co. has a twelve month low of $39.76 and a twelve month high of $58.42. The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company's 50 day moving average is $44.12 and its two-hundred day moving average is $49.41.

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

HNI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Monday, February 24th. HNI's dividend payout ratio (DPR) is presently 45.67%.

Insider Transactions at HNI

In other HNI news, insider Brian Scott Smith sold 556 shares of HNI 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 sale, the insider now directly owns 14,394 shares in the company, valued at approximately $718,260.60. The trade was a 3.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.37% of the stock is owned by insiders.

About HNI

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.