MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Versor Investments LP

Versor Investments LP reduced its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 61.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,400 shares of the company’s stock after selling 17,800 shares during the period. Versor Investments LP’s holdings in MillerKnoll were worth $258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB grew its stake in shares of MillerKnoll by 21.5% in the 4th quarter. Handelsbanken Fonder AB now owns 20,877 shares of the company’s stock worth $472,000 after purchasing an additional 3,700 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in MillerKnoll by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 368,453 shares of the company’s stock worth $8,323,000 after buying an additional 9,924 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in MillerKnoll by 35.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 89,402 shares of the company’s stock worth $2,020,000 after buying an additional 23,239 shares during the last quarter. Empowered Funds LLC increased its holdings 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 buying an additional 18,378 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after buying an additional 1,281 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Trading Down 2.2 %

Shares of MLKN opened at $21.03 on Tuesday. The business’s 50-day moving average price is $22.17 and its 200 day moving average price is $24.31. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1.43 billion, a P/E ratio of 23.11, a P/E/G ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a 1-year low of $20.89 and a 1-year high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $959.60 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.57%. MillerKnoll’s dividend payout ratio is 82.42%.

Analyst Ratings Changes

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

MillerKnoll 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.