Avior Wealth Management LLC Purchases 1,448 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Avior Wealth Management LLC boosted its position in MillerKnoll, Inc. (NASDAQ:MLKNFree Report) by 228.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,081 shares of the company’s stock after acquiring an additional 1,448 shares during the quarter. Avior Wealth Management LLC’s holdings in MillerKnoll were worth $47,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its stake in MillerKnoll by 939.8% in the third quarter. FMR LLC now owns 38,784 shares of the company’s stock valued at $960,000 after acquiring an additional 35,054 shares during the last quarter. Jane Street Group LLC boosted its position in MillerKnoll by 56.6% in the third quarter. Jane Street Group LLC now owns 90,960 shares of the company’s stock valued at $2,252,000 after buying an additional 32,861 shares in the last quarter. Forager Capital Management LLC boosted its position in MillerKnoll by 45.9% in the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock valued at $23,617,000 after buying an additional 300,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in MillerKnoll by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 40,269 shares of the company’s stock valued at $1,067,000 after buying an additional 1,463 shares in the last quarter. Finally, Barclays PLC boosted its position in MillerKnoll by 37.7% in the third quarter. Barclays PLC now owns 119,389 shares of the company’s stock valued at $2,957,000 after buying an additional 32,686 shares in the last quarter. 87.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Read Our Latest Stock Analysis on MillerKnoll

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $22.47 on Thursday. MillerKnoll, Inc. has a fifty-two week low of $20.89 and a fifty-two week high of $31.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The firm has a market capitalization of $1.53 billion, a P/E ratio of 24.69, a P/E/G ratio of 0.87 and a beta of 1.23. The company’s 50 day moving average price is $23.37 and its two-hundred day moving average price is $25.37.

MillerKnoll (NASDAQ:MLKNGet Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $970.40 million for the quarter, compared to analyst estimates of $959.60 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. MillerKnoll’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, equities analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.34%. MillerKnoll’s dividend payout ratio (DPR) is presently 82.42%.

MillerKnoll Profile

(Free Report)

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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Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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