MillerKnoll, Inc. (NASDAQ:MLKN) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 2,189.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,472 shares of the company's stock after buying an additional 44,442 shares during the period. GAMMA Investing LLC owned approximately 0.07% of MillerKnoll worth $889,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after acquiring an additional 1,201 shares during the period. Studio Investment Management LLC raised its stake in shares of MillerKnoll by 29.9% during the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after purchasing an additional 495 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of MillerKnoll by 793.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock worth $50,000 after purchasing an additional 1,952 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of MillerKnoll during the fourth quarter worth $221,000. Finally, Cetera Investment Advisers purchased a new position in MillerKnoll in the 4th quarter valued at $237,000. Institutional investors and hedge funds own 87.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MLKN shares. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th.

MillerKnoll Price Performance

MLKN stock traded up $0.02 during trading on Friday, reaching $16.93. 256,562 shares of the company were exchanged, compared to its average volume of 598,764. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.05 and a current ratio of 1.67. The stock's 50 day moving average price is $16.75 and its 200 day moving average price is $19.86. MillerKnoll, Inc. has a 52-week low of $15.25 and a 52-week high of $31.73. The company has a market cap of $1.15 billion, a P/E ratio of 40.29, a PEG ratio of 0.74 and a beta of 1.17.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. MillerKnoll had a return on equity of 10.79% and a net margin of 0.84%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Friday, May 30th. MillerKnoll's dividend payout ratio (DPR) is presently 178.57%.

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.