Ashton Thomas Securities LLC Sells 14,170 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Ashton Thomas Securities LLC lowered its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 52.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,863 shares of the company's stock after selling 14,170 shares during the period. Ashton Thomas Securities LLC's holdings in MillerKnoll were worth $291,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MLKN. Smartleaf Asset Management LLC raised its stake in MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after acquiring an additional 1,201 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of MillerKnoll by 228.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after purchasing an additional 1,448 shares during the period. KBC Group NV raised its stake in shares of MillerKnoll by 62.9% during the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after purchasing an additional 1,281 shares in the last quarter. Verition Fund Management LLC acquired a new stake in MillerKnoll in the third quarter worth about $210,000. Finally, Quest Partners LLC grew its position in MillerKnoll by 72.2% in the 3rd quarter. Quest Partners LLC now owns 11,360 shares of the company's stock valued at $281,000 after buying an additional 4,763 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MLKN shares. StockNews.com downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a research report on Saturday. Sidoti raised MillerKnoll to a "hold" rating in a report on Tuesday, March 25th.

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MillerKnoll Price Performance

NASDAQ:MLKN traded down $0.54 during trading hours on Friday, reaching $19.76. 991,095 shares of the company's stock were exchanged, compared to its average volume of 599,561. The company has a market capitalization of $1.35 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a 12 month low of $17.83 and a 12 month high of $31.73. The business's 50-day simple moving average is $21.22 and its two-hundred day simple moving average is $23.07. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $918.88 million. During the same period in the prior year, the business posted $0.45 earnings per share. MillerKnoll's revenue was up .4% compared to the same quarter last year. Sell-side analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The company 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 annualized dividend and a dividend yield of 3.80%. MillerKnoll's dividend payout ratio is 82.42%.

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.