XTX Topco Ltd Makes New $590,000 Investment in MillerKnoll, Inc. (NASDAQ:MLKN)

Key Points

• XTX Topco Ltd invested approximately $590,000 in MillerKnoll, acquiring 30,802 shares of the company's stock.
• MillerKnoll recently reported quarterly earnings of $0.60 EPS, exceeding analysts' expectations, and generated $961.80 million in revenue for the quarter.
• The company announced a quarterly dividend of $0.1875 per share, with a yield of 3.8% for investors of record on August 31st.

XTX Topco Ltd purchased a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,802 shares of the company's stock, valued at approximately $590,000.

A number of other institutional investors have also recently bought and sold shares of MLKN. Studio Investment Management LLC lifted 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 buying an additional 495 shares in the last quarter. Sterling Capital Management LLC boosted its position in MillerKnoll by 793.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock valued at $50,000 after purchasing an additional 1,952 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in MillerKnoll during the first quarter valued at $201,000. Dark Forest Capital Management LP purchased a new position in MillerKnoll in the fourth quarter valued at about $221,000. Finally, Cetera Investment Advisers acquired a new position in MillerKnoll in the 4th quarter worth about $237,000. Hedge funds and other institutional investors own 87.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Benchmark upgraded MillerKnoll to a "hold" rating in a report on Friday, June 27th. Wall Street Zen upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th.

MillerKnoll Stock Performance

Shares of NASDAQ:MLKN traded up $0.06 during trading on Friday, hitting $19.92. 415,562 shares of the stock were exchanged, compared to its average volume of 393,132. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -35.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.22. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.58. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $30.56. The company's fifty day simple moving average is $19.00 and its 200-day simple moving average is $19.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its earnings results on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.44 by $0.16. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%. The business had revenue of $961.80 million during the quarter, compared to the consensus estimate of $913.80 million. During the same quarter last year, the company earned $0.67 EPS. MillerKnoll's revenue was up 8.2% on a year-over-year basis. Sell-side analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

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

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.