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

EntryPoint Capital LLC purchased a new position in MillerKnoll, Inc. (NASDAQ:MLKN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,565 shares of the company’s stock, valued at approximately $419,000.

Several other hedge funds also recently made changes to their positions in MLKN. KLP Kapitalforvaltning AS purchased a new stake in MillerKnoll during the 4th quarter worth about $339,000. Sei Investments Co. lifted its holdings in shares of MillerKnoll by 12.7% in the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock worth $361,000 after buying an additional 1,800 shares in the last quarter. American Century Companies Inc. boosted its position in shares of MillerKnoll by 9.4% in the fourth quarter. American Century Companies Inc. now owns 176,966 shares of the company’s stock valued at $3,998,000 after acquiring an additional 15,175 shares during the period. William Blair Investment Management LLC grew its stake in MillerKnoll by 2.6% during the fourth quarter. William Blair Investment Management LLC now owns 956,425 shares of the company’s stock valued at $21,606,000 after acquiring an additional 23,933 shares in the last quarter. Finally, Gallacher Capital Management LLC grew its stake in MillerKnoll by 17.0% during the fourth quarter. Gallacher Capital Management LLC now owns 20,004 shares of the company’s stock valued at $452,000 after acquiring an additional 2,908 shares in the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

MillerKnoll Price Performance

Shares of NASDAQ MLKN opened at $18.61 on Wednesday. The stock’s 50-day simple moving average is $21.35 and its two-hundred day simple moving average is $23.19. MillerKnoll, Inc. has a twelve month low of $18.28 and a twelve month high of $31.73. The firm has a market capitalization of $1.27 billion, a P/E ratio of 20.45, a P/E/G ratio of 0.89 and a beta of 1.22. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02.

MillerKnoll Dividend Announcement

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

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.