Versor Investments LP Has $258,000 Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Versor Investments LP lowered its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 61.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,400 shares of the company’s stock after selling 17,800 shares during the quarter. Versor Investments LP’s holdings in MillerKnoll were worth $258,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Forager Capital Management LLC grew its stake in shares of MillerKnoll by 45.9% in the 3rd 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. Disciplined Growth Investors Inc. MN lifted its stake in MillerKnoll by 157.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock valued at $21,110,000 after acquiring an additional 521,318 shares during the last quarter. Wellington Management Group LLP grew its position in MillerKnoll by 1.2% in the third quarter. Wellington Management Group LLP now owns 574,822 shares of the company’s stock worth $14,233,000 after acquiring an additional 6,576 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in MillerKnoll by 127.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock worth $13,557,000 after acquiring an additional 307,210 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of MillerKnoll by 5.1% during the 4th quarter. Empowered Funds LLC now owns 377,522 shares of the company’s stock worth $8,528,000 after purchasing an additional 18,378 shares during the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Stock Performance

Shares of NASDAQ MLKN opened at $21.03 on Tuesday. The business’s 50-day simple moving average is $22.17 and its 200-day simple moving average is $24.31. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. MillerKnoll, Inc. has a 52 week low of $20.89 and a 52 week high of $31.73. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company had revenue of $970.40 million for the quarter, compared to the consensus estimate of $959.60 million. During the same quarter last year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be issued a $0.1875 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.75 annualized dividend and a yield of 3.57%. MillerKnoll’s dividend payout ratio (DPR) is presently 82.42%.

Analyst Upgrades and Downgrades

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

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.