104,905 Shares in MillerKnoll, Inc. (NASDAQ:MLKN) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 104,905 shares of the company’s stock, valued at approximately $2,370,000. New Age Alpha Advisors LLC owned approximately 0.15% of MillerKnoll as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of MillerKnoll in the fourth quarter valued at $365,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of MillerKnoll during the 4th quarter worth about $238,000. EntryPoint Capital LLC acquired a new position in shares of MillerKnoll during the 4th quarter worth about $419,000. KLP Kapitalforvaltning AS acquired a new stake in MillerKnoll in the 4th quarter valued at about $339,000. Finally, Sei Investments Co. grew its holdings in MillerKnoll by 12.7% during the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock worth $361,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $19.76 on Friday. The stock has a 50 day simple moving average of $21.22 and a 200 day simple moving average of $23.07. The stock has a market cap of $1.35 billion, a P/E ratio of 21.71, a PEG ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a 1-year low of $17.83 and a 1-year high of $31.73. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.

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

MillerKnoll Dividend Announcement

The company 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. This represents a $0.75 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Friday, February 28th. MillerKnoll’s dividend payout ratio (DPR) is currently 82.42%.

Wall Street Analyst Weigh In

MLKN has been the subject of a number of recent analyst reports. StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday. Sidoti raised shares of MillerKnoll to a “hold” rating in a research report on Tuesday, March 25th.

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.