Hsbc Holdings PLC increased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN – Free Report) by 10.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,761 shares of the company’s stock after purchasing an additional 908 shares during the period. Hsbc Holdings PLC’s holdings in MillerKnoll were worth $256,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MLKN. SummerHaven Investment Management LLC increased its holdings in MillerKnoll by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 44,779 shares of the company’s stock valued at $1,186,000 after buying an additional 580 shares during the period. Oliver Luxxe Assets LLC raised its position in MillerKnoll by 1.9% in the first quarter. Oliver Luxxe Assets LLC now owns 35,724 shares of the company’s stock worth $885,000 after purchasing an additional 665 shares in the last quarter. Bridge City Capital LLC lifted its stake in MillerKnoll by 0.8% during the first quarter. Bridge City Capital LLC now owns 91,676 shares of the company’s stock worth $2,270,000 after purchasing an additional 693 shares during the period. ProShare Advisors LLC boosted its holdings in MillerKnoll by 7.3% during the first quarter. ProShare Advisors LLC now owns 14,857 shares of the company’s stock valued at $368,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in shares of MillerKnoll in the 2nd quarter valued at approximately $30,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.
MillerKnoll Stock Up 2.3 %
Shares of NASDAQ:MLKN opened at $24.56 on Friday. The company’s fifty day moving average is $27.55 and its 200-day moving average is $27.09. 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, Inc. has a 52 week low of $22.43 and a 52 week high of $31.73. The company has a market capitalization of $1.76 billion, a PE ratio of 22.13, a P/E/G ratio of 0.93 and a beta of 1.17.
MillerKnoll Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Saturday, August 31st will be given a $0.1875 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.75 annualized dividend and a yield of 3.05%. MillerKnoll’s payout ratio is 67.57%.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded MillerKnoll from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd.
View Our Latest Report on MLKN
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.
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