SG Americas Securities LLC Invests $624,000 in MillerKnoll, Inc. (NASDAQ:MLKN)

SG Americas Securities LLC acquired a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,581 shares of the company's stock, valued at approximately $624,000.

Other hedge funds also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D grew its position in MillerKnoll by 35.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 89,402 shares of the company's stock valued at $2,020,000 after acquiring an additional 23,239 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of MillerKnoll by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 368,453 shares of the company's stock valued at $8,323,000 after purchasing an additional 9,924 shares during the period. Handelsbanken Fonder AB grew its holdings in MillerKnoll by 21.5% during the 4th quarter. Handelsbanken Fonder AB now owns 20,877 shares of the company's stock valued at $472,000 after purchasing an additional 3,700 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in MillerKnoll by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company's stock worth $29,659,000 after buying an additional 42,343 shares during the period. 87.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

MillerKnoll Stock Down 0.6%

Shares of MLKN traded down $0.10 during trading on Wednesday, reaching $17.62. The company's stock had a trading volume of 1,096,754 shares, compared to its average volume of 598,344. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 41.95, a P/E/G ratio of 0.76 and a beta of 1.17. The company has a quick ratio of 1.05, a current ratio of 1.67 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $16.85 and a two-hundred day moving average of $19.64. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.16. MillerKnoll had a net margin of 0.84% and a return on equity of 10.79%. During the same period last year, the firm earned $0.67 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.26%. MillerKnoll's dividend payout ratio (DPR) is presently 178.57%.

MillerKnoll Company 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.