Insiders Selling, Short Interest Growing Herman Miller, Inc. (NASDAQ:MLHR)


Herman Miller, Inc. (NASDAQ:MLHR) has been the object of insider selling activity recently. Brian C. Walker, CEO reported the sale of 14,000 shares. The shares were sold on September 18th for an average price of $34.80. Walker now owns $3,288,773 of the stock according to the SEC filing. Brian C. Walker, CEO let go of $458,220 worth of shares at an average price of $32.73 on August 21st. That brings the CEO’s holdings to $3,551,368 as recorded in a recent Form 4 SEC filing.

Hezron T. Lopez, SVP Legal Services, disclosed the sale of 2,312 shares of (MLHR). The shares were purchased at an average price of $33.96. The SVP Legal Services, now owns $0 of the stock per the Form 4 SEC filing.

Herman Miller, Inc., launched on July 21, 1981, is involved in the research, design, manufacture, selling and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings and related services. The Business’s segments include North American Furniture Solutions; EMEA, Latin America, and Asia Pacific (ELA) Furniture Solutions; Specialty, and Consumer. The North American Furniture Solutions segment includes the operations associated with the design, manufacture, and sale of furniture products for work-related settings, including office, education, and healthcare environments, throughout the United States and Canada. The ELA Furniture Solutions segment includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the Europe, Middle East and Africa (EMEA), Latin America, and Asia-Pacific geographic regions. The Specialty segment includes the operations associated with design, manufacture, and sale of furniture products and textiles, including Geiger wood products and Herman Miller Collection products. The Consumer segment includes the operations associated with the sale of modern design furnishings and accessories to third-party retail distributors, as well as direct to consumer sales through e-commerce, direct mailing catalogs and Design Within Reach (DWR) studios..

A few notable investment firms have updated their holdings. Cantab Capital Partners Llp grew its investment by buying 3,289 shares an increase of 7.3% from 03/31/2017 to 06/30/2017. Cantab Capital Partners Llp now controls 48,597 shares with a value of $1,477,000,000. The value of the position overall is up by 103,259.0%. As of quarter end AHL Partners LLP had sold 26,094 shares trimming its position 12.9%. The value in dollars decreased from $6,374,000 to $5,348,000 decreasing 16.1% quarter over quarter.

As of the end of the quarter Netols Asset Management, Inc. had disposed of a total of 74,640 shares trimming its holdings by 39.1%. The value of the investment in MLHR went from $6,528,000 to $3,667,000 a change of 43.8% quarter to quarter. Ubs Group Ag augmented its ownership by buying 24,754 shares an increase of 106.2% as of 06/30/2017. Ubs Group Ag currently owns 48,072 shares worth $1,461,000. The total value of its holdings increased 98.5%.

The company is so far trading up by 0.29%% since yesterday’s close of 34.85. Additionally Herman Miller, Inc. declared a dividend payable on Sunday the 15th of October 2017. The dividend will be $0.180 per share for the quarter or $0.72 on an annualized basis. The dividend yield will be $2.08. The ex-dividend date will be on Wednesday August 30th, 2017.

Shares last traded at $34.95 which is marginally higher than $33.52, the 50 day moving average and which is just over the 200 day moving average of $32.35. The 50 day moving average moved up $1.43 and the 200 day average went up by +8.03%.

The most current P/E ratio is 17.05 and market capitalization is 2.09B. In the last earnings report the EPS was $2.05 and is projected to be $2.27 for the current year with 59,848,000 shares outstanding. Next quarter’s EPS is forecasted at $0.56 and the next full year EPS is projected to be $2.59.

Short traders are more bearish on Herman Miller, Inc. lately considering the change in short interest. The company realized a rise in short interest from August 15, 2017 to August 31, 2017 of 3.40%. Short interest grew from 1,720,461 to 1,779,028 over that timeframe. The days to cover decreased to 5.0 and the short interest percentage is 0.03% as of August 31.