GAMMA Investing LLC Has $889,000 Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

GAMMA Investing LLC raised its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 2,189.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,472 shares of the company’s stock after purchasing an additional 44,442 shares during the period. GAMMA Investing LLC owned 0.07% of MillerKnoll worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of 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 acquiring an additional 1,201 shares during the period. Amundi grew its stake in shares of MillerKnoll by 207.3% during the 4th quarter. Amundi now owns 40,433 shares of the company’s stock worth $884,000 after acquiring an additional 27,276 shares in the last quarter. Northern Trust Corp grew its stake in shares of MillerKnoll by 8.5% during the 4th quarter. Northern Trust Corp now owns 812,549 shares of the company’s stock worth $18,355,000 after acquiring an additional 63,494 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of MillerKnoll by 17.4% during the 4th quarter. Victory Capital Management Inc. now owns 275,948 shares of the company’s stock worth $6,234,000 after acquiring an additional 40,928 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of MillerKnoll by 4.9% during the 4th quarter. Barclays PLC now owns 125,186 shares of the company’s stock worth $2,828,000 after acquiring an additional 5,797 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Price Performance

Shares of NASDAQ MLKN opened at $17.20 on Tuesday. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $31.73. The firm has a fifty day simple moving average of $16.77 and a 200 day simple moving average of $19.97. The company has a market capitalization of $1.17 billion, a PE ratio of 18.90, 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 (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $876.20 million during the quarter, compared to analysts’ expectations of $918.88 million. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll’s payout ratio is 178.57%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MLKN. Wall Street Zen upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Sidoti upgraded MillerKnoll to a “hold” rating in a research note on Tuesday, March 25th.

MillerKnoll 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.