New Age Alpha Advisors LLC Acquires New Position in MillerKnoll, Inc. (NASDAQ:MLKN)

New Age Alpha Advisors LLC purchased a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 104,905 shares of the company’s stock, valued at approximately $2,370,000.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in MillerKnoll during the 4th quarter valued at $365,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in MillerKnoll during the 4th quarter valued at about $238,000. EntryPoint Capital LLC purchased a new stake in MillerKnoll during the 4th quarter valued at $419,000. KLP Kapitalforvaltning AS purchased a new stake in MillerKnoll during the fourth quarter valued at $339,000. Finally, Sei Investments Co. boosted its holdings in shares of MillerKnoll by 12.7% in the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock worth $361,000 after buying an additional 1,800 shares during the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Trading Down 2.7 %

Shares of MLKN stock opened at $19.76 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a 12-month low of $17.83 and a 12-month high of $31.73. The stock’s 50-day moving average price is $21.22 and its 200-day moving average price is $23.07. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $876.20 million for the quarter, compared to the consensus estimate of $918.88 million. During the same period in the previous year, the firm posted $0.45 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. Equities research analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.80%. MillerKnoll’s dividend payout ratio is presently 82.42%.

Analyst Ratings Changes

A number of brokerages have commented on MLKN. StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday. Sidoti raised MillerKnoll to a “hold” rating in a research note on Tuesday, March 25th.

MillerKnoll Company 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.