Jane Street Group LLC Purchases 28,459 Shares of HNI Co. (NYSE:HNI)

Jane Street Group LLC grew its holdings in shares of HNI Co. (NYSE:HNI) by 64.0% in the third quarter, Holdings Channel.com reports. The firm owned 72,922 shares of the business services provider’s stock after buying an additional 28,459 shares during the period. Jane Street Group LLC’s holdings in HNI were worth $3,926,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. State Street Corp boosted its holdings in HNI by 1.1% in the 3rd quarter. State Street Corp now owns 1,876,542 shares of the business services provider’s stock worth $101,033,000 after buying an additional 20,717 shares during the period. Systematic Financial Management LP boosted its holdings in shares of HNI by 6.7% in the third quarter. Systematic Financial Management LP now owns 465,837 shares of the business services provider’s stock worth $25,081,000 after acquiring an additional 29,093 shares during the period. Millburn Ridgefield Corp bought a new position in shares of HNI in the third quarter worth $244,000. Paloma Partners Management Co purchased a new position in shares of HNI in the third quarter valued at $357,000. Finally, Edgestream Partners L.P. raised its stake in shares of HNI by 13.3% during the 3rd quarter. Edgestream Partners L.P. now owns 10,786 shares of the business services provider’s stock valued at $581,000 after purchasing an additional 1,269 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Insider Buying and Selling

In other news, Director Larry B. Porcellato sold 2,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $56.95, for a total transaction of $113,900.00. Following the transaction, the director now directly owns 37,880 shares in the company, valued at approximately $2,157,266. This represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Scott Smith sold 2,284 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total value of $123,336.00. Following the transaction, the insider now directly owns 11,902 shares in the company, valued at approximately $642,708. This represents a 16.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.36% of the stock is owned by company insiders.

HNI Stock Performance

HNI stock opened at $51.27 on Thursday. HNI Co. has a 1-year low of $39.95 and a 1-year high of $58.42. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.45 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.55 and a beta of 0.88. The firm’s 50 day simple moving average is $54.26 and its 200 day simple moving average is $51.19.

HNI (NYSE:HNI) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $672.20 million for the quarter, compared to the consensus estimate of $712.75 million. HNI had a return on equity of 19.29% and a net margin of 4.83%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. As a group, analysts expect that HNI Co. will post 2.93 earnings per share for the current fiscal year.

HNI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Monday, November 18th. HNI’s payout ratio is 51.16%.

Analyst Upgrades and Downgrades

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

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.