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

Ashton Thomas Securities LLC decreased its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 38.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & 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 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MLKN. Principal Financial Group Inc. raised its stake in shares of MillerKnoll by 1.5% in the third quarter. Principal Financial Group Inc. now owns 358,529 shares of the company’s stock valued at $8,877,000 after purchasing an additional 5,155 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of MillerKnoll by 122.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 18,166 shares of the company’s stock valued at $450,000 after acquiring an additional 10,016 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in MillerKnoll by 99.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock valued at $112,000 after acquiring an additional 2,316 shares during the period. GAMMA Investing LLC raised its position in MillerKnoll by 35.0% in the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock worth $41,000 after purchasing an additional 426 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in MillerKnoll during the second quarter worth about $288,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Trading Up 2.5 %

Shares of MillerKnoll stock opened at $24.70 on Tuesday. The stock has a market capitalization of $1.71 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 0.93 and a beta of 1.18. MillerKnoll, Inc. has a 12-month low of $22.35 and a 12-month high of $31.73. 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 company has a 50-day simple moving average of $25.01 and a 200 day simple moving average of $26.58.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Thursday, September 19th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $889.38 million. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share. Research analysts expect 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. Shareholders 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 3.04%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s dividend payout ratio is presently 86.21%.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.