Harbor Capital Advisors Inc. Has $461,000 Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Harbor Capital Advisors Inc. boosted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 29.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,104 shares of the company’s stock after acquiring an additional 5,545 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in MillerKnoll were worth $461,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Studio Investment Management LLC raised its stake in shares of MillerKnoll by 29.9% in the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company’s stock worth $49,000 after acquiring an additional 495 shares during the last quarter. MetLife Investment Management LLC raised its position in MillerKnoll by 2.7% in the 4th quarter. MetLife Investment Management LLC now owns 41,548 shares of the company’s stock worth $939,000 after purchasing an additional 1,078 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after buying an additional 1,201 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of MillerKnoll by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,679 shares of the company’s stock valued at $896,000 after buying an additional 1,508 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of MillerKnoll by 12.7% during the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock valued at $361,000 after acquiring an additional 1,800 shares during the period. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Down 2.5%

NASDAQ:MLKN opened at $16.91 on Friday. The stock’s fifty day simple moving average is $16.75 and its 200-day simple moving average is $20.06. The firm has a market capitalization of $1.15 billion, a P/E ratio of 18.58, a P/E/G ratio of 0.89 and a beta of 1.17. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $31.73.

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

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 1st will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll’s dividend payout ratio is currently 178.57%.

Wall Street Analyst Weigh In

MLKN has been the subject of several recent research reports. Wall Street Zen raised MillerKnoll from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Sidoti raised shares of MillerKnoll to a “hold” rating in a research note on Tuesday, March 25th.

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.