Magnetar Financial LLC Makes New Investment in MillerKnoll, Inc. $MLKN

Key Points

• Magnetar Financial LLC purchased 16,656 shares of MillerKnoll, Inc. (NASDAQ: MLKN), valued at approximately $319,000, during the first quarter.
• Multiple institutional investors, including Studio Investment Management and HSBC, have recently increased their holdings in MillerKnoll, reflecting strong institutional interest in the company.
• The company announced a quarterly dividend of $0.1875 per share with an annual yield of 3.6%, despite a negative payout ratio of -133.93%.

Magnetar Financial LLC purchased a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,656 shares of the company's stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of MillerKnoll by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company's stock worth $25,721,000 after acquiring an additional 30,880 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of MillerKnoll by 7.8% in the first quarter. Hsbc Holdings PLC now owns 10,350 shares of the company's stock worth $201,000 after acquiring an additional 753 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of MillerKnoll in the first quarter worth approximately $624,000. US Bancorp DE boosted its stake in shares of MillerKnoll by 11,871.5% in the first quarter. US Bancorp DE now owns 18,915 shares of the company's stock worth $362,000 after acquiring an additional 18,757 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of MillerKnoll by 2,189.3% in the first quarter. GAMMA Investing LLC now owns 46,472 shares of the company's stock worth $889,000 after acquiring an additional 44,442 shares during the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MLKN has been the topic of a number of recent research reports. Benchmark raised MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Zacks Research upgraded MillerKnoll from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Finally, Wall Street Zen upgraded MillerKnoll from a "hold" rating to a "buy" rating in a research report on Saturday. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, MillerKnoll currently has an average rating of "Hold".

MillerKnoll Stock Performance

Shares of NASDAQ MLKN traded up $0.27 during trading hours on Friday, reaching $21.44. The stock had a trading volume of 264,358 shares, compared to its average volume of 351,886. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -38.29, a PEG ratio of 0.99 and a beta of 1.25. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. MillerKnoll, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $28.33. The firm has a 50-day moving average of $20.51 and a 200-day moving average of $18.84.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. The firm had revenue of $961.80 million during the quarter, compared to analysts' expectations of $913.80 million. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.The business's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Equities research analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Sunday, August 31st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.5%. MillerKnoll's dividend payout ratio is -133.93%.

MillerKnoll Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.