Mutual of America Capital Management LLC Sells 1,272 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Mutual of America Capital Management LLC lowered its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,503 shares of the company’s stock after selling 1,272 shares during the period. Mutual of America Capital Management LLC’s holdings in MillerKnoll were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of MillerKnoll by 15.3% during the second quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company’s stock valued at $106,370,000 after acquiring an additional 532,427 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in MillerKnoll by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company’s stock valued at $89,864,000 after purchasing an additional 377,121 shares in the last quarter. Vanguard Group Inc. raised its holdings in MillerKnoll by 2.6% in the first quarter. Vanguard Group Inc. now owns 8,987,024 shares of the company’s stock worth $222,519,000 after buying an additional 226,792 shares during the last quarter. Hennessy Advisors Inc. lifted its stake in shares of MillerKnoll by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 1,178,800 shares of the company’s stock worth $31,226,000 after buying an additional 180,500 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of MillerKnoll during the second quarter valued at approximately $2,633,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

MLKN opened at $25.45 on Friday. The company’s 50-day simple moving average is $24.23 and its two-hundred day simple moving average is $26.40. 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 stock has a market capitalization of $1.76 billion, a P/E ratio of 29.25, a P/E/G ratio of 0.98 and a beta of 1.18. MillerKnoll, Inc. has a 52-week low of $22.35 and a 52-week high of $31.73.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The company had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. As a group, analysts predict that MillerKnoll, Inc. will post 2.17 EPS for the current year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Friday, November 29th. MillerKnoll’s dividend payout ratio is 86.21%.

Wall Street Analyst Weigh In

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

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.