MillerKnoll, Inc. (NASDAQ:MLKN) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 359.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,781 shares of the company's stock after buying an additional 62,403 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.11% of MillerKnoll worth $2,129,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MLKN. Allspring Global Investments Holdings LLC bought a new position in shares of MillerKnoll in the third quarter worth approximately $36,000. US Bancorp DE bought a new position in shares of MillerKnoll during the first quarter worth $36,000. Signaturefd LLC boosted its position in shares of MillerKnoll by 52,066.7% during the third quarter. Signaturefd LLC now owns 1,565 shares of the company's stock worth $38,000 after acquiring an additional 1,562 shares during the last quarter. Quarry LP bought a new position in shares of MillerKnoll during the second quarter worth $39,000. Finally, Captrust Financial Advisors boosted its position in shares of MillerKnoll by 31.3% during the second quarter. Captrust Financial Advisors now owns 1,551 shares of the company's stock worth $41,000 after acquiring an additional 370 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of MillerKnoll from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 28th.

MillerKnoll Price Performance

MillerKnoll stock traded up $0.22 during mid-day trading on Thursday, reaching $26.89. 781,071 shares of the company's stock traded hands, compared to its average volume of 871,452. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 1.12 and a beta of 1.29. The stock has a 50 day moving average of $28.70 and a two-hundred day moving average of $26.39. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.93. MillerKnoll, Inc. has a 12-month low of $13.20 and a 12-month high of $31.33.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The company had revenue of $872.30 million for the quarter, compared to the consensus estimate of $909.55 million. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. MillerKnoll's revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Equities analysts forecast that MillerKnoll, Inc. will post 1.94 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Saturday, March 2nd will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, February 29th. MillerKnoll's payout ratio is 77.32%.

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.