MillerKnoll, Inc. (NASDAQ:MLKN) Position Boosted by Jane Street Group LLC

Jane Street Group LLC grew its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 56.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,960 shares of the company’s stock after acquiring an additional 32,861 shares during the period. Jane Street Group LLC owned 0.13% of MillerKnoll worth $2,252,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in MillerKnoll by 35.0% during the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after buying an additional 426 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of MillerKnoll by 6.0% during the 2nd quarter. Bank of Montreal Can now owns 13,551 shares of the company’s stock worth $359,000 after purchasing an additional 768 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in MillerKnoll by 254.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after buying an additional 862 shares during the period. Hsbc Holdings PLC increased its stake in MillerKnoll by 10.3% in the second quarter. Hsbc Holdings PLC now owns 9,761 shares of the company’s stock valued at $256,000 after acquiring an additional 908 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of MillerKnoll by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,269 shares of the company’s stock valued at $1,067,000 after purchasing an additional 1,463 shares during the period. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Stock Down 1.4 %

Shares of NASDAQ MLKN opened at $22.07 on Tuesday. MillerKnoll, Inc. has a 12-month low of $20.89 and a 12-month high of $31.73. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. 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 firm’s 50-day simple moving average is $24.34 and its 200 day simple moving average is $26.08.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $970.40 million during the quarter, compared to the consensus estimate of $959.60 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, research analysts expect that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Saturday, November 30th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Friday, November 29th. MillerKnoll’s dividend payout ratio is currently 82.42%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Friday.

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.