Twin Lakes Capital Management LLC Cuts Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Twin Lakes Capital Management LLC lowered its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,532 shares of the company’s stock after selling 598 shares during the quarter. Twin Lakes Capital Management LLC owned approximately 0.08% of MillerKnoll worth $1,301,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its stake in shares of MillerKnoll by 15.3% in the second quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company’s stock valued at $106,370,000 after buying an additional 532,427 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in MillerKnoll by 157.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock valued at $21,110,000 after acquiring an additional 521,318 shares during the period. Dimensional Fund Advisors LP raised its stake in MillerKnoll by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company’s stock valued at $89,864,000 after acquiring an additional 377,121 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in MillerKnoll by 127.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock valued at $13,557,000 after purchasing an additional 307,210 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its position in MillerKnoll by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 1,178,800 shares of the company’s stock worth $31,226,000 after purchasing an additional 180,500 shares during the period. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MillerKnoll Price Performance

MillerKnoll stock opened at $25.81 on Tuesday. The firm has a market capitalization of $1.79 billion, a P/E ratio of 29.67, a PEG ratio of 0.96 and a beta of 1.20. MillerKnoll, Inc. has a one year low of $22.35 and a one year high of $31.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.59 and a quick ratio of 0.93. The business has a fifty day moving average price of $24.35 and a 200-day moving average price of $26.26.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Thursday, September 19th. The company reported $0.36 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 company had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. During the same quarter in the prior year, the business earned $0.37 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that MillerKnoll, Inc. will post 2.17 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Saturday, November 30th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, November 29th. MillerKnoll’s dividend payout ratio (DPR) is presently 86.21%.

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.