Bridge City Capital LLC Sells 1,130 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Bridge City Capital LLC decreased its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 1.1% in the fourth quarter, Holdings Channel reports. The firm owned 106,122 shares of the company’s stock after selling 1,130 shares during the period. Bridge City Capital LLC’s holdings in MillerKnoll were worth $2,397,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of MillerKnoll by 458.4% during 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 last quarter. KBC Group NV increased its holdings in MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after buying an additional 1,281 shares during the period. Avior Wealth Management LLC raised its holdings in shares of MillerKnoll by 228.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after purchasing an additional 1,448 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of MillerKnoll by 12.7% in the 4th quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock valued at $361,000 after buying an additional 1,800 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of MillerKnoll by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 39,928 shares of the company’s stock valued at $973,000 after purchasing an additional 2,128 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NASDAQ:MLKN opened at $18.49 on Friday. The stock’s fifty day moving average is $21.46 and its two-hundred day moving average is $23.35. 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, Inc. has a 52 week low of $18.28 and a 52 week high of $31.73. The company has a market capitalization of $1.26 billion, a P/E ratio of 20.32, a P/E/G ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business had revenue of $970.40 million for the quarter, compared to analysts’ expectations of $959.60 million. During the same period last year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Friday, February 28th. MillerKnoll’s dividend payout ratio is currently 82.42%.

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.