Versor Investments LP Acquires New Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Versor Investments LP bought a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,200 shares of the company’s stock, valued at approximately $723,000.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of MillerKnoll by 1.5% during the third quarter. Principal Financial Group Inc. now owns 358,529 shares of the company’s stock worth $8,877,000 after purchasing an additional 5,155 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in MillerKnoll by 122.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 18,166 shares of the company’s stock worth $450,000 after buying an additional 10,016 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in MillerKnoll by 99.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock valued at $112,000 after buying an additional 2,316 shares during the period. GAMMA Investing LLC grew its stake in shares of MillerKnoll by 35.0% in the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock worth $41,000 after acquiring an additional 426 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of MillerKnoll during the second quarter worth $288,000. 87.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered MillerKnoll from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

MillerKnoll Stock Performance

Shares of MLKN opened at $24.62 on Wednesday. The stock has a 50-day simple moving average of $24.84 and a 200-day simple moving average of $26.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. MillerKnoll, Inc. has a 1 year low of $22.35 and a 1 year high of $31.73. The stock has a market capitalization of $1.70 billion, a PE ratio of 28.30, a PEG ratio of 0.93 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.04). MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The firm had revenue of $861.50 million for the quarter, compared to analyst estimates of $889.38 million. During the same quarter last year, the firm earned $0.37 EPS. The company’s revenue was down 6.1% on a year-over-year basis. On average, analysts predict that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s dividend payout ratio is presently 86.21%.

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.