Voloridge Investment Management LLC Makes New $2.68 Million Investment in MillerKnoll, Inc. (NASDAQ:MLKN)

Voloridge Investment Management LLC bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 118,648 shares of the company's stock, valued at approximately $2,680,000. Voloridge Investment Management LLC owned 0.17% of MillerKnoll as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after buying an additional 1,201 shares in the last quarter. Avior Wealth Management LLC raised its stake in MillerKnoll by 228.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock worth $47,000 after acquiring an additional 1,448 shares during the period. Studio Investment Management LLC grew its position in MillerKnoll by 29.9% in the 4th 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 boosted its holdings in shares of MillerKnoll by 793.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock valued at $50,000 after acquiring an additional 1,952 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after acquiring an additional 1,281 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company's stock.

Analysts Set New Price Targets

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

MillerKnoll Price Performance

MLKN stock traded down $0.33 during trading on Friday, reaching $16.86. 525,349 shares of the company were exchanged, compared to its average volume of 598,348. The company has a 50-day moving average of $16.99 and a two-hundred day moving average of $20.53. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 0.89 and a beta of 1.17. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $31.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $876.20 million for the quarter, compared to the consensus estimate of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business's revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. As a group, equities analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 4.45%. The ex-dividend date of this dividend 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.