Victory Capital Management Inc. Has $6.38 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Victory Capital Management Inc. trimmed its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 17.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,858 shares of the company’s stock after selling 50,261 shares during the quarter. Victory Capital Management Inc. owned 0.34% of MillerKnoll worth $6,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MLKN. Nomura Asset Management Co. Ltd. grew its stake in shares of MillerKnoll by 100.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Mather Group LLC. bought a new stake in shares of MillerKnoll in the 2nd quarter valued at about $30,000. Quadrant Capital Group LLC grew its position in shares of MillerKnoll by 46.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company’s stock valued at $41,000 after buying an additional 488 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of MillerKnoll by 566.9% in the first quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock valued at $66,000 after buying an additional 2,262 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of MillerKnoll during the second quarter worth about $85,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of MillerKnoll from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 3rd.

MillerKnoll Stock Performance

Shares of MLKN opened at $27.02 on Monday. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $28.44 and its two-hundred day simple moving average is $27.55. MillerKnoll, Inc. has a 12 month low of $17.65 and a 12 month high of $31.73. The stock has a market capitalization of $1.94 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, June 26th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.54 by $0.13. The company had revenue of $888.90 million for the quarter, compared to analyst estimates of $898.65 million. MillerKnoll had a return on equity of 10.94% and a net margin of 2.27%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 EPS. As a group, analysts predict that MillerKnoll, Inc. will post 2.21 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Saturday, August 31st will be paid a $0.1875 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.75 annualized dividend and a dividend yield of 2.78%. MillerKnoll’s dividend payout ratio is currently 67.57%.

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.