Mutual of America Capital Management LLC Lowers Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Mutual of America Capital Management LLC decreased its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 10.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,503 shares of the company’s stock after selling 1,272 shares during the period. Mutual of America Capital Management LLC’s holdings in MillerKnoll were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mather Group LLC. bought a new position in shares of MillerKnoll during the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its stake in shares of MillerKnoll by 254.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock worth $32,000 after purchasing an additional 862 shares in the last quarter. GAMMA Investing LLC raised its position in shares of MillerKnoll by 35.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after purchasing an additional 426 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of MillerKnoll during the 2nd quarter valued at $85,000. Finally, Innealta Capital LLC bought a new position in MillerKnoll in the 2nd quarter worth $87,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Up 0.8 %

Shares of MLKN opened at $25.45 on Friday. The business’s 50 day moving average is $24.23 and its 200 day moving average is $26.40. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99. MillerKnoll, Inc. has a 12-month low of $22.35 and a 12-month high of $31.73. The company has a market capitalization of $1.76 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 0.98 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.04). MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The company had revenue of $861.50 million during the quarter, compared to analysts’ expectations of $889.38 million. During the same period last year, the firm posted $0.37 EPS. MillerKnoll’s quarterly revenue was down 6.1% compared to the same quarter last year. Research analysts expect that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Friday, November 29th. MillerKnoll’s dividend payout ratio (DPR) is presently 86.21%.

Wall Street Analysts Forecast Growth

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

About MillerKnoll

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.