Ashton Thomas Securities LLC Has $669,000 Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Ashton Thomas Securities LLC lessened its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 38.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,033 shares of the company’s stock after selling 16,713 shares during the period. Ashton Thomas Securities LLC’s holdings in MillerKnoll were worth $669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in MillerKnoll by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 8,987,024 shares of the company’s stock valued at $222,519,000 after acquiring an additional 226,792 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in MillerKnoll by 15.3% during the second quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company’s stock worth $106,370,000 after purchasing an additional 532,427 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MillerKnoll by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company’s stock valued at $89,864,000 after purchasing an additional 377,121 shares in the last quarter. Hennessy Advisors Inc. grew its position in MillerKnoll by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 1,178,800 shares of the company’s stock valued at $31,226,000 after purchasing an additional 180,500 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in MillerKnoll by 8.8% during the 1st quarter. William Blair Investment Management LLC now owns 954,391 shares of the company’s stock worth $23,631,000 after buying an additional 76,994 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Stock Up 2.5 %

NASDAQ:MLKN opened at $24.70 on Tuesday. MillerKnoll, Inc. has a twelve month low of $22.35 and a twelve month high of $31.73. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 0.93 and a beta of 1.18. 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’s 50 day moving average price is $25.01 and its two-hundred day moving average price is $26.58.

MillerKnoll (NASDAQ:MLKN) last posted 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 company posted $0.37 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. Equities research analysts expect that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.75 annualized dividend and a yield of 3.04%. MillerKnoll’s dividend payout ratio is 86.21%.

Wall Street Analysts Forecast Growth

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

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.