Amalgamated Bank Cuts Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Amalgamated Bank trimmed its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 5.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,712 shares of the company’s stock after selling 1,253 shares during the quarter. Amalgamated Bank’s holdings in MillerKnoll were worth $513,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in shares of 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 purchasing an additional 10,016 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in MillerKnoll by 99.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock valued at $112,000 after acquiring an additional 2,316 shares during the period. GAMMA Investing LLC raised its position in MillerKnoll by 35.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after purchasing an additional 426 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in MillerKnoll in the 2nd quarter valued at about $288,000. Finally, Creative Planning raised its position in MillerKnoll by 35.0% in the 2nd quarter. Creative Planning now owns 14,083 shares of the company’s stock valued at $373,000 after purchasing an additional 3,649 shares in the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

MillerKnoll Trading Down 0.7 %

Shares of MLKN stock opened at $23.88 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99. MillerKnoll, Inc. has a twelve month low of $22.35 and a twelve month high of $31.73. The company has a market capitalization of $1.65 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18. The business’s 50 day moving average is $24.62 and its two-hundred day moving average is $26.52.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Thursday, September 19th. The company reported $0.36 earnings per share (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 period in the prior year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities analysts forecast that MillerKnoll, Inc. will post 2.17 EPS for the current year.

MillerKnoll Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Saturday, November 30th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s dividend payout ratio (DPR) is 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.