Hoigaard’s in St. Louis Park is exiting the patio furnishings business and HOM Furniture, based in Coon Rapids, will be acquiring its furniture division.
Hoigaard’s said it’s making additional room for summer sporting goods in response to the increased demand for water sport, bike and camping equipment.
Furniture retailing, meanwhile, is going through a national consolidation as slumping home sales have decreased overall demand. HOM Furniture has been expanding its business, acquiring Seasonal Concepts and Gabberts, including the upscale Gabberts Design Studio & Fine Furnishings at the Galleria in Edina.
Nature Vision inks deal with Swordfish
Nature Vision Inc., a Brainerd-based outdoor recreation products company, has agreed to be absorbed by Texas asset recovery company Swordfish Financial Inc. Nature Vision’s operations will be scaled back immediately.
Nature Vision will issue shares of restricted common stock in return for a $3.5 million promissory note from Swordfish Financial. Nature Vision recently withdrew its stock from the Nasdaq Stock Market.
Insider Trades
Allete Inc.: Alan Hodnik, president, bought 400 shares June 12 at $28.02 per share; holds 7,464 shares.
Digital Angel Corp.: Joseph Grillo, chief executive officer, bought 10,000 shares June 11 at $1.28 per share and 35,000 shares Aug. 10 at $1.40 per share; holds 283,094 shares.
HMN Financial Inc.: Hugh Smith, director, bought 400 shares June 12 at $4.95 per share; holds 600 shares.
Hawkins Inc.: John Hawkins, chief executive officer, sold 2,000 shares June 9-11 at $19.67-$20 per share and 4,000 shares June 12 at $20-$20.54 per share; holds 181,317 shares. John Sevenich, vice president, sold 1,600 shares June 10 at $19.67 per share; holds 30,414 shares. Keenan Paulson, vice president, sold 10 shares June 16 at $20.41 per share; holds 58,748 shares. Howard Hawkins, director, sold 5,000 shares June 25 at $21.77 per share; holds 326,773 shares.
Health Fitness Corp.: John Ellis, officer, sold 24,514 shares June 1-2 at $4.50-$4.65 per share; holds 202,217 shares. Katherine Meacham, vice president, sold 4,400 shares June 11 at $4.48-$4.76 per share, option related; holds 6,621 shares.
— From wire reports
