104,905 Shares in MillerKnoll, Inc. (NASDAQ:MLKN) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 104,905 shares of the company's stock, valued at approximately $2,370,000. New Age Alpha Advisors LLC owned approximately 0.15% of MillerKnoll at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of MillerKnoll by 458.4% in the 4th 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 holdings in MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after acquiring an additional 1,448 shares during the last quarter. KBC Group NV increased its position in MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock worth $75,000 after purchasing an additional 1,281 shares during the period. Verition Fund Management LLC bought a new stake in MillerKnoll during the 3rd quarter worth about $210,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in MillerKnoll during the 4th quarter valued at about $238,000. Institutional investors own 87.50% of the company's stock.

MillerKnoll Trading Down 9.1 %

Shares of MillerKnoll stock traded down $1.74 during trading on Thursday, hitting $17.48. 145,733 shares of the company were exchanged, compared to its average volume of 595,766. 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 firm has a market capitalization of $1.19 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The firm's fifty day moving average price is $21.05 and its 200 day moving average price is $22.92. MillerKnoll, Inc. has a 1-year low of $16.68 and a 1-year high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.44. The firm had revenue of $876.20 million during the quarter, compared to analysts' expectations of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. As a group, sell-side analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll's payout ratio is presently 178.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MLKN shares. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th. StockNews.com downgraded MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th.

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.