MillerKnoll, Inc. (NASDAQ:MLKN) Shares Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC boosted its holdings in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 43.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,267 shares of the company's stock after purchasing an additional 45,362 shares during the quarter. New Age Alpha Advisors LLC owned approximately 0.22% of MillerKnoll worth $2,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Sei Investments Co. increased its stake in shares of MillerKnoll by 12.7% during the 4th quarter. Sei Investments Co. now owns 16,002 shares of the company's stock valued at $361,000 after acquiring an additional 1,800 shares during the last quarter. Norges Bank acquired a new position in MillerKnoll during the fourth quarter worth approximately $365,000. Wellington Management Group LLP raised its stake in MillerKnoll by 39.9% during the fourth quarter. Wellington Management Group LLP now owns 804,105 shares of the company's stock worth $18,165,000 after purchasing an additional 229,283 shares during the period. Trexquant Investment LP acquired a new position in shares of MillerKnoll in the 4th quarter valued at $1,390,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of MillerKnoll in the 4th quarter valued at $1,437,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MLKN. Wall Street Zen raised MillerKnoll from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Benchmark upgraded MillerKnoll to a "hold" rating in a report on Friday, June 27th.

MillerKnoll Stock Performance

Shares of MLKN stock opened at $19.78 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.58 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 $30.56. The firm's 50 day moving average price is $18.88 and its two-hundred day moving average price is $19.05. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -35.32, a price-to-earnings-growth ratio of 0.91 and a beta of 1.22.

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

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Sunday, August 31st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 annualized dividend and a yield of 3.8%. MillerKnoll's payout ratio is -133.93%.

About MillerKnoll

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.

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