Quest Partners LLC Invests $378,000 in MillerKnoll, Inc. (NASDAQ:MLKN)

Quest Partners LLC acquired a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,172 shares of the company’s stock, valued at approximately $378,000.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in MillerKnoll by 1,117.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock valued at $39,000 after acquiring an additional 1,330 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in MillerKnoll during the 3rd quarter worth $36,000. Daiwa Securities Group Inc. acquired a new position in MillerKnoll in the fourth quarter worth about $40,000. Quadrant Capital Group LLC grew its stake in MillerKnoll by 46.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company’s stock worth $41,000 after buying an additional 488 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in MillerKnoll by 52,066.7% in the third quarter. Signaturefd LLC now owns 1,565 shares of the company’s stock valued at $38,000 after acquiring an additional 1,562 shares during the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 28th.

MillerKnoll Trading Up 1.5 %

MillerKnoll stock traded up $0.40 during mid-day trading on Friday, reaching $26.86. 435,781 shares of the company traded hands, compared to its average volume of 478,999. MillerKnoll, Inc. has a 52-week low of $13.20 and a 52-week high of $31.33. The firm’s 50 day moving average price is $26.95 and its 200 day moving average price is $27.22. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 1.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.59 and a quick ratio of 0.95.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The business had revenue of $872.30 million during the quarter, compared to the consensus estimate of $909.55 million. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, analysts anticipate that MillerKnoll, Inc. will post 1.94 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Saturday, June 1st will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, May 31st. MillerKnoll’s payout ratio is presently 77.32%.

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.