Integrated Quantitative Investments LLC Invests $770,000 in MillerKnoll, Inc. (NASDAQ:MLKN)

Integrated Quantitative Investments LLC acquired a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 34,067 shares of the company’s stock, valued at approximately $770,000.

A number of other large investors have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in shares of MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after buying an additional 1,201 shares during the period. Avior Wealth Management LLC boosted its stake in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after purchasing an additional 1,448 shares during the period. KBC Group NV increased its holdings in MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after purchasing an additional 1,281 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of MillerKnoll in the 3rd quarter valued at about $210,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of MillerKnoll in the fourth quarter valued at about $238,000. 87.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com downgraded MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Sidoti raised shares of MillerKnoll to a “hold” rating in a research note on Tuesday, March 25th.

MillerKnoll Stock Performance

Shares of NASDAQ:MLKN opened at $17.38 on Friday. The company’s 50-day moving average price is $20.85 and its two-hundred day moving average price is $22.81. MillerKnoll, Inc. has a one year low of $16.24 and a one year high of $31.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The stock has a market capitalization of $1.18 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. MillerKnoll’s revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, February 28th. MillerKnoll’s payout ratio is presently 178.57%.

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.