Green Alpha Advisors LLC Sells 4,647 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Green Alpha Advisors LLC cut its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 19.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,295 shares of the company’s stock after selling 4,647 shares during the quarter. Green Alpha Advisors LLC’s holdings in MillerKnoll were worth $285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in MillerKnoll during the first quarter valued at approximately $288,708,000. Vanguard Group Inc. bought a new position in MillerKnoll during the 1st quarter valued at about $245,927,000. State Street Corp acquired a new position in MillerKnoll in the first quarter valued at about $85,709,000. Eaton Vance Management bought a new stake in MillerKnoll during the 1st quarter worth approximately $81,726,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in MillerKnoll in the first quarter worth $68,747,000. 88.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of MillerKnoll in a research report on Thursday. They issued a “hold” rating for the company.

Insider Activity at MillerKnoll

In other MillerKnoll news, Director Michael A. Volkema acquired 13,584 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were acquired at an average price of $16.95 per share, with a total value of $230,248.80. Following the purchase, the director now owns 200,670 shares of the company’s stock, valued at approximately $3,401,356.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.69% of the company’s stock.

MillerKnoll Price Performance

MillerKnoll stock opened at $18.55 on Friday. The business’s 50-day simple moving average is $18.52 and its 200 day simple moving average is $17.84. The company has a quick ratio of 0.98, a current ratio of 1.67 and a debt-to-equity ratio of 0.95. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 0.81 and a beta of 1.44. MillerKnoll, Inc. has a 12-month low of $13.20 and a 12-month high of $25.53.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, July 12th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. MillerKnoll had a net margin of 1.03% and a return on equity of 9.87%. The company had revenue of $956.70 million during the quarter, compared to analysts’ expectations of $945.60 million. During the same quarter in the previous year, the company earned $0.58 EPS. MillerKnoll’s revenue was down 13.1% on a year-over-year basis. As a group, research analysts anticipate that MillerKnoll, Inc. will post 1.8 earnings per share for the current year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 2nd will be given a $0.1875 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.04%. MillerKnoll’s dividend payout ratio is 133.93%.

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.