Amalgamated Bank Sells 1,253 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Amalgamated Bank reduced its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 5.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,712 shares of the company’s stock after selling 1,253 shares during the quarter. Amalgamated Bank’s holdings in MillerKnoll were worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in shares of MillerKnoll by 122.9% in the third quarter. Harbor Capital Advisors Inc. now owns 18,166 shares of the company’s stock valued at $450,000 after purchasing an additional 10,016 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in MillerKnoll by 99.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock worth $112,000 after buying an additional 2,316 shares in the last quarter. GAMMA Investing LLC grew its position in MillerKnoll by 35.0% during the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock worth $41,000 after buying an additional 426 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in MillerKnoll during the second quarter worth about $288,000. Finally, Creative Planning grew its position in MillerKnoll by 35.0% during the second quarter. Creative Planning now owns 14,083 shares of the company’s stock worth $373,000 after buying an additional 3,649 shares in the last quarter. 87.50% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Price Performance

MillerKnoll stock opened at $23.88 on Friday. MillerKnoll, Inc. has a 52 week low of $22.35 and a 52 week high of $31.73. The business has a 50-day simple moving average of $24.62 and a 200 day simple moving average of $26.52. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 0.92 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Thursday, September 19th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.04). MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The firm had revenue of $861.50 million for the quarter, compared to the consensus estimate of $889.38 million. During the same period last year, the firm earned $0.37 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, research analysts forecast that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s dividend payout ratio (DPR) is presently 86.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th.

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.