Pacer Advisors Inc. Raises Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Pacer Advisors Inc. boosted its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 15.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,015,462 shares of the company’s stock after buying an additional 532,427 shares during the period. Pacer Advisors Inc. owned 5.61% of MillerKnoll worth $106,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of MillerKnoll by 100.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company’s stock worth $30,000 after acquiring an additional 570 shares during the period. Mather Group LLC. purchased a new position in MillerKnoll during the second quarter worth approximately $30,000. Quadrant Capital Group LLC boosted its holdings in shares of MillerKnoll by 46.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company’s stock valued at $41,000 after purchasing an additional 488 shares during the last quarter. EntryPoint Capital LLC grew its stake in shares of MillerKnoll by 566.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock valued at $66,000 after buying an additional 2,262 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of MillerKnoll during the 2nd quarter worth $85,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Performance

Shares of MLKN stock opened at $23.50 on Friday. The company’s fifty day simple moving average is $28.45 and its 200-day simple moving average is $27.47. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.93. MillerKnoll, Inc. has a 52 week low of $19.10 and a 52 week high of $31.73. The company has a market cap of $1.68 billion, a PE ratio of 21.17, a P/E/G ratio of 0.99 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Thursday, September 19th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.04). MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The firm had revenue of $861.50 million during the quarter, compared to analyst estimates of $889.38 million. During the same period last year, the business earned $0.37 EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that MillerKnoll, Inc. will post 2.21 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Saturday, August 31st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.75 dividend on an annualized basis and a yield of 3.19%. MillerKnoll’s dividend payout ratio is currently 67.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded MillerKnoll from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 3rd.

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.