Verition Fund Management LLC Makes New Investment in MillerKnoll, Inc. (NASDAQ:MLKN)

Verition Fund Management LLC bought a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,474 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in MillerKnoll by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,420 shares of the company’s stock worth $3,947,000 after acquiring an additional 2,449 shares during the period. FMR LLC grew its holdings in shares of MillerKnoll by 939.8% during the third quarter. FMR LLC now owns 38,784 shares of the company’s stock valued at $960,000 after purchasing an additional 35,054 shares during the last quarter. Intech Investment Management LLC raised its position in shares of MillerKnoll by 289.0% during the 3rd quarter. Intech Investment Management LLC now owns 62,473 shares of the company’s stock worth $1,547,000 after purchasing an additional 46,413 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of MillerKnoll in the 3rd quarter worth approximately $84,000. Finally, Quest Partners LLC boosted its position in MillerKnoll by 72.2% during the 3rd quarter. Quest Partners LLC now owns 11,360 shares of the company’s stock valued at $281,000 after purchasing an additional 4,763 shares during the period. 87.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

MillerKnoll Trading Up 1.9 %

Shares of NASDAQ:MLKN opened at $25.11 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $24.40 and its 200 day moving average price is $26.22. The company has a market cap of $1.74 billion, a PE ratio of 28.86, a P/E/G ratio of 0.96 and a beta of 1.20. MillerKnoll, Inc. has a fifty-two week low of $22.35 and a fifty-two week high of $31.73.

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). The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Sell-side analysts anticipate that MillerKnoll, Inc. will post 2.17 earnings per share for the current year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Saturday, November 30th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.99%. The ex-dividend date is Friday, November 29th. MillerKnoll’s payout ratio is currently 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.