Dark Forest Capital Management LP Purchases Shares of 9,796 MillerKnoll, Inc. (NASDAQ:MLKN)

Dark Forest Capital Management LP acquired a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,796 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in MillerKnoll by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,820,581 shares of the company’s stock valued at $86,306,000 after purchasing an additional 121,478 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of MillerKnoll by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company’s stock worth $29,659,000 after acquiring an additional 42,343 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of MillerKnoll by 2.6% in the 4th quarter. William Blair Investment Management LLC now owns 956,425 shares of the company’s stock worth $21,606,000 after acquiring an additional 23,933 shares during the last quarter. LSV Asset Management lifted its position in MillerKnoll by 0.6% in the 4th quarter. LSV Asset Management now owns 938,436 shares of the company’s stock valued at $21,199,000 after acquiring an additional 5,690 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in MillerKnoll by 39.9% during the 4th quarter. Wellington Management Group LLP now owns 804,105 shares of the company’s stock valued at $18,165,000 after purchasing an additional 229,283 shares during the last quarter. 87.50% of the stock is owned by institutional investors.

MillerKnoll Stock Performance

Shares of MLKN opened at $16.63 on Wednesday. The stock has a 50 day moving average of $18.55 and a 200 day moving average of $21.69. 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, Inc. has a 12 month low of $15.25 and a 12 month high of $31.73. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 0.89 and a beta of 1.05.

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

MillerKnoll Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.75 annualized dividend and a dividend yield of 4.51%. MillerKnoll’s payout ratio is presently 178.57%.

Analysts Set New Price Targets

MLKN has been the subject of several analyst reports. Sidoti raised MillerKnoll to a “hold” rating in a research note on Tuesday, March 25th. StockNews.com downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, March 29th.

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.