Versor Investments LP Makes New Investment in MillerKnoll, Inc. (NASDAQ:MLKN)

Versor Investments LP purchased a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 29,200 shares of the company's stock, valued at approximately $723,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in shares of MillerKnoll by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 358,529 shares of the company's stock valued at $8,877,000 after purchasing an additional 5,155 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of MillerKnoll by 122.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 18,166 shares of the company's stock valued at $450,000 after purchasing an additional 10,016 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in MillerKnoll by 99.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company's stock worth $112,000 after buying an additional 2,316 shares during the period. GAMMA Investing LLC grew its stake in MillerKnoll by 35.0% in the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company's stock worth $41,000 after purchasing an additional 426 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in MillerKnoll in the second quarter worth $288,000. 87.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Thursday, October 10th.

MillerKnoll Stock Down 0.7 %

Shares of NASDAQ:MLKN traded down $0.17 during trading on Wednesday, reaching $24.45. 135,723 shares of the stock traded hands, compared to its average volume of 633,321. MillerKnoll, Inc. has a 52-week low of $22.35 and a 52-week high of $31.73. The stock has a market cap of $1.69 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 0.95 and a beta of 1.18. The stock has a 50-day moving average of $24.84 and a two-hundred day moving average of $26.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its earnings results on Thursday, September 19th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.04). The company had revenue of $861.50 million during the quarter, compared to analysts' expectations of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The company's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. As a group, sell-side analysts expect that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, November 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.07%. MillerKnoll's payout ratio is 86.21%.

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.