SG Americas Securities LLC Has $1.68 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

SG Americas Securities LLC reduced its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 31.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,790 shares of the company’s stock after selling 31,599 shares during the period. SG Americas Securities LLC owned 0.09% of MillerKnoll worth $1,678,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Mather Group LLC. bought a new stake in shares of MillerKnoll during the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of MillerKnoll by 254.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock worth $32,000 after acquiring an additional 862 shares during the period. EntryPoint Capital LLC boosted its holdings in shares of MillerKnoll by 566.9% during the first quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock worth $66,000 after acquiring an additional 2,262 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of MillerKnoll in the second quarter valued at approximately $85,000. Finally, Innealta Capital LLC bought a new position in shares of MillerKnoll during the second quarter worth approximately $87,000. 87.50% of the stock is owned by institutional investors.

MillerKnoll Trading Down 1.2 %

MLKN stock opened at $24.39 on Wednesday. MillerKnoll, Inc. has a 52 week low of $22.43 and a 52 week high of $31.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. The company’s 50-day simple moving average is $27.33 and its 200 day simple moving average is $26.97. The company has a market capitalization of $1.75 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.17.

MillerKnoll (NASDAQ:MLKN) last announced its 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 business had revenue of $861.50 million for the quarter, compared to the consensus estimate of $889.38 million. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that MillerKnoll, Inc. will post 2.17 earnings per share for the current year.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Saturday, August 31st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, August 30th. MillerKnoll’s dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered MillerKnoll from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd.

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.