EntryPoint Capital LLC Purchases Shares of 18,565 MillerKnoll, Inc. (NASDAQ:MLKN)

EntryPoint Capital LLC acquired a new position in MillerKnoll, Inc. (NASDAQ:MLKN) in the fourth quarter, Holdings Channel.com reports. The firm acquired 18,565 shares of the company’s stock, valued at approximately $419,000.

Several other institutional investors have also recently modified their holdings of MLKN. Smartleaf Asset Management LLC raised its position in MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock worth $33,000 after purchasing an additional 1,201 shares during the period. Avior Wealth Management LLC increased its holdings in shares of MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after buying an additional 1,448 shares during the period. KBC Group NV lifted its stake in shares of MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after acquiring an additional 1,281 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of MillerKnoll in the 3rd quarter valued at about $210,000. Finally, Quest Partners LLC boosted its holdings in MillerKnoll by 72.2% during the 3rd quarter. Quest Partners LLC now owns 11,360 shares of the company’s stock valued at $281,000 after acquiring an additional 4,763 shares during the period. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Trading Down 2.2 %

MLKN opened at $18.61 on Wednesday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a one year low of $18.28 and a one year high of $31.73. The business has a 50 day simple moving average of $21.35 and a two-hundred day simple moving average of $23.19. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s payout ratio is 82.42%.

Analysts Set New Price Targets

Separately, StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

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.