Sei Investments Co. Has $135,000 Holdings in Herman Miller, Inc. (MLHR)
Sei Investments Co. grew its holdings in shares of Herman Miller, Inc. (NASDAQ:MLHR) by 0.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,426 shares of the business services provider’s stock after acquiring an additional 26 shares during the quarter. Sei Investments Co.’s holdings in Herman Miller were worth $135,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Texas Permanent School Fund boosted its position in Herman Miller by 0.6% during the 2nd quarter. Texas Permanent School Fund now owns 43,649 shares of the business services provider’s stock worth $1,327,000 after acquiring an additional 275 shares during the period. Ronald Blue & Co. LLC boosted its position in Herman Miller by 1.4% during the 2nd quarter. Ronald Blue & Co. LLC now owns 6,787 shares of the business services provider’s stock worth $206,000 after acquiring an additional 91 shares during the period. Speece Thorson Capital Group Inc. boosted its position in Herman Miller by 14.1% during the 2nd quarter. Speece Thorson Capital Group Inc. now owns 363,729 shares of the business services provider’s stock worth $11,057,000 after acquiring an additional 45,022 shares during the period. Bessemer Group Inc. boosted its position in Herman Miller by 299.3% during the 2nd quarter. Bessemer Group Inc. now owns 53,900 shares of the business services provider’s stock worth $1,639,000 after acquiring an additional 40,400 shares during the period. Finally, Bowling Portfolio Management LLC acquired a new position in Herman Miller during the 2nd quarter worth $1,304,000. Institutional investors own 84.15% of the company’s stock.
Herman Miller, Inc. (NASDAQ MLHR) opened at 34.50 on Wednesday. Herman Miller, Inc. has a 12 month low of $26.99 and a 12 month high of $36.45. The firm’s 50-day moving average price is $33.34 and its 200-day moving average price is $32.16. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 16.83 and a beta of 1.44.
Herman Miller (NASDAQ:MLHR) last released its quarterly earnings results on Wednesday, July 5th. The business services provider reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.09. Herman Miller had a return on equity of 22.94% and a net margin of 5.44%. The firm had revenue of $577.20 million during the quarter, compared to analysts’ expectations of $583.53 million. During the same period last year, the firm posted $0.56 EPS. The business’s revenue was down .9% on a year-over-year basis. Equities research analysts predict that Herman Miller, Inc. will post $2.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Saturday, September 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.09%. This is a boost from Herman Miller’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, August 30th. Herman Miller’s dividend payout ratio (DPR) is currently 35.12%.
A number of brokerages have issued reports on MLHR. BidaskClub upgraded Herman Miller from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research lowered Herman Miller from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Sidoti began coverage on Herman Miller in a research report on Tuesday, June 27th. They set a “buy” rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Herman Miller has a consensus rating of “Hold” and a consensus price target of $38.00.
TRADEMARK VIOLATION NOTICE: “Sei Investments Co. Has $135,000 Holdings in Herman Miller, Inc. (MLHR)” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/09/13/sei-investments-co-has-135000-holdings-in-herman-miller-inc-mlhr.html.
In related news, SVP Hezron T. Lopez sold 2,312 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $33.96, for a total transaction of $78,515.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew J. Lock sold 19,247 shares of the firm’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $33.47, for a total value of $644,197.09. Following the sale, the insider now directly owns 24,354 shares of the company’s stock, valued at $815,128.38. The disclosure for this sale can be found here. Insiders have sold a total of 123,535 shares of company stock valued at $4,136,309 over the last ninety days. Insiders own 1.91% of the company’s stock.
Herman Miller Profile
Want to see what other hedge funds are holding MLHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Herman Miller, Inc. (NASDAQ:MLHR).
Receive News & Ratings for Herman Miller Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herman Miller Inc. and related companies with MarketBeat.com's FREE daily email newsletter.