EntryPoint Capital LLC Purchases New Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

EntryPoint Capital LLC acquired a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 18,565 shares of the company's stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN raised its holdings in MillerKnoll by 157.4% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company's stock worth $21,110,000 after buying an additional 521,318 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings 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 in the last quarter. Forager Capital Management LLC boosted its position in shares of MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company's stock worth $23,617,000 after buying an additional 300,000 shares during the period. Intech Investment Management LLC grew its holdings in shares of MillerKnoll by 289.0% during the third quarter. Intech Investment Management LLC now owns 62,473 shares of the company's stock worth $1,547,000 after buying an additional 46,413 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in MillerKnoll by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company's stock valued at $29,659,000 after buying an additional 42,343 shares during the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

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MillerKnoll Price Performance

Shares of NASDAQ MLKN traded down $0.54 during trading hours on Friday, hitting $19.76. 991,095 shares of the stock were exchanged, compared to its average volume of 599,561. 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, Inc. has a 1-year low of $17.83 and a 1-year high of $31.73. The company has a market cap of $1.35 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The company's fifty day simple moving average is $21.22 and its two-hundred day simple moving average is $23.07.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. 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 business posted $0.45 earnings per share. On average, sell-side analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.80%. The ex-dividend date is Friday, February 28th. MillerKnoll's dividend payout ratio is currently 82.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MLKN. StockNews.com cut shares of MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday. Sidoti raised MillerKnoll to a "hold" rating in a report on Tuesday, March 25th.

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.