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Orion Portfolio Solutions LLC Purchases 4,662 Shares of HNI Co. (NYSE:HNI)

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12 May, 2023

Orion Portfolio Solutions LLC raised its position in HNI Co. (NYSE:HNI) by 38.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,768 shares of the business services provider’s stock after purchasing an additional 4,662 shares during the period. Orion Portfolio Solutions LLC’s holdings in HNI were worth $477,000 at the end of the most recent reporting period.

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HNI clears anti-trust review after big Kimball acquisition, but sales fall

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10 May, 2023

MUSCATINE, Iowa – Office and contract furniture giant HNI acquired fellow office furniture leader Kimball early March for $455 million. That transaction has now cleared antitrust review through the Hart-Scott-Rodino Antitrust Improvements Act.

HNI expects the transaction to close in early June following satisfaction of customary closing conditions and approval by the Kimball shareholders at the special shareholder meeting set for May 31.

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HNI Corporation Reports Earnings for First Quarter Fiscal Year 2023

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8 May, 2023

MUSCATINE, Iowa–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended April 1, 2023 of $479.1 million and net income of $1.6 million. GAAP net income per diluted share was $0.04, compared to $0.33 in the prior year. Non-GAAP net income per diluted share was $0.13, compared to $0.33 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

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Two giants merge: HNI acquires Kimball for $485M

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8 March, 2023

MUSCATINE, Iowa – Office and contract furniture giant HNI Corp. has acquired Kimball, another big player in the office furniture space. The cash and stock transaction is valued at $485 million.

Under the terms of the agreement, Kimball shareholders will receive $9 in cash and 0.1301 shares of HNI common stock for each share of Kimball International common stock they own. As a result of the transaction, Kimball shareholders will own approximately 10% of the combined company.

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Sales fall at office furniture giant HNI, but cost-cutting comes up big

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23 February, 2023

MUSCATINE, Iowa – Office furniture manufacturer HNI Corp. reported fourth quarter sales of $568.9 million, a 6% decline from last year.

But despite the decline, the company reported a 47% increase in earnings per share, primarily due to a major cost-cutting initiative and margin expansion strategy that began last quarter.

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Quantbot Technologies LP makes a $101,000 investment in HNI Co. (NYSE:HNI)

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10 February, 2023

The most recent report that Quantbot Technologies LP has submitted to the Securities and Exchange Commission (SEC) indicates that the company made a new investment in HNI Co (NYSE: HNI) during the third quarter of the fiscal year.

The corporation spent approximately $101,000 to acquire 3,826 shares of the business services provider’s stock, bringing the total cost of the transaction close to that figure.

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Nisa Investment Advisors LLC Has $721,000 Position in HNI Co. (NYSE:HNI)

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7 February, 2023

Nisa Investment Advisors LLC reduced its position in shares of HNI Co. (NYSE:HNI) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,046 shares of the business services provider’s stock after selling 1,766 shares during the quarter. Nisa Investment Advisors LLC owned 0.07% of HNI worth $721,000 at the end of the most recent quarter.

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HNI Co. (NYSE:HNI) CFO Marshall H. Bridges Sells 4,383 Shares of Stock

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7 February, 2023

HNI Co. (NYSE:HNI) CFO Marshall H. Bridges sold 4,383 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $32.35, for a total value of $141,790.05. Following the completion of the transaction, the chief financial officer now owns 72,287 shares of the company’s stock, valued at $2,338,484.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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HNI Co. (NYSE:HNI) Shares Sold by Yousif Capital Management LLC

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7 February, 2023

Yousif Capital Management LLC decreased its position in HNI Co. (NYSE:HNI) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,444 shares of the business services provider’s stock after selling 1,237 shares during the quarter. Yousif Capital Management LLC owned 0.08% of HNI worth $887,000 at the end of the most recent quarter.

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Vincent P. Berger Sells 2,150 Shares of HNI Co. (NYSE:HNI) Stock

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31 January, 2023

HNI Co. (NYSE:HNI) EVP Vincent P. Berger sold 2,150 shares of HNI stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $32.24, for a total value of $69,316.00. Following the completion of the transaction, the executive vice president now owns 63,298 shares in the company, valued at $2,040,727.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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