Smartleaf Asset Management LLC Has $33,000 Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Smartleaf Asset Management LLC raised its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 458.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,463 shares of the company’s stock after acquiring an additional 1,201 shares during the quarter. Smartleaf Asset Management LLC’s holdings in MillerKnoll were worth $33,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Forager Capital Management LLC lifted its stake in MillerKnoll by 45.9% in the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock valued at $23,617,000 after acquiring an additional 300,000 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of MillerKnoll by 157.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock valued at $21,110,000 after purchasing an additional 521,318 shares during the period. Wellington Management Group LLP raised its position in shares of MillerKnoll by 1.2% in the third quarter. Wellington Management Group LLP now owns 574,822 shares of the company’s stock valued at $14,233,000 after purchasing an additional 6,576 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of MillerKnoll by 127.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock valued at $13,557,000 after purchasing an additional 307,210 shares during the period. Finally, Empowered Funds LLC raised its position in shares of MillerKnoll by 5.1% in the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company’s stock valued at $8,528,000 after purchasing an additional 18,378 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

MillerKnoll Price Performance

NASDAQ:MLKN opened at $19.56 on Thursday. MillerKnoll, Inc. has a 52 week low of $19.42 and a 52 week high of $31.73. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 0.89 and a beta of 1.22. The firm’s 50-day simple moving average is $21.88 and its 200 day simple moving average is $23.86. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business had revenue of $970.40 million for the quarter, compared to analyst estimates of $959.60 million. During the same period last year, the firm earned $0.59 earnings per share. MillerKnoll’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a yield of 3.83%. MillerKnoll’s payout ratio is 82.42%.

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.