Hennessy Advisors Inc. Has $24.72 Million Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Hennessy Advisors Inc. increased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 14.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 998,300 shares of the company’s stock after acquiring an additional 123,400 shares during the period. MillerKnoll comprises about 1.0% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 28th biggest position. Hennessy Advisors Inc.’s holdings in MillerKnoll were worth $24,718,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MLKN. Nomura Asset Management Co. Ltd. lifted its holdings in MillerKnoll by 100.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of MillerKnoll by 1,117.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock worth $39,000 after acquiring an additional 1,330 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of MillerKnoll in the fourth quarter worth about $40,000. Quadrant Capital Group LLC raised its stake in shares of MillerKnoll by 46.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company’s stock worth $41,000 after acquiring an additional 488 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of MillerKnoll in the fourth quarter worth about $63,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Trading Down 0.8 %

NASDAQ:MLKN traded down $0.20 during trading hours on Friday, hitting $26.22. The stock had a trading volume of 289,831 shares, compared to its average volume of 695,728. MillerKnoll, Inc. has a one year low of $14.32 and a one year high of $31.33. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.59. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 0.95 and a beta of 1.26. The business’s 50 day moving average is $26.38 and its 200-day moving average is $27.28.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, June 26th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.53 by $0.14. MillerKnoll had a net margin of 2.27% and a return on equity of 10.89%. The firm had revenue of $888.90 million during the quarter, compared to the consensus estimate of $898.65 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was down 7.1% on a year-over-year basis. Sell-side analysts anticipate that MillerKnoll, Inc. will post 2.3 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

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 given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, May 31st. MillerKnoll’s dividend payout ratio is 67.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of MillerKnoll from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

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.