Twin Lakes Capital Management LLC Sells 3,067 Shares of MillerKnoll, Inc. $MLKN

Twin Lakes Capital Management LLC reduced its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 6.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,333 shares of the company’s stock after selling 3,067 shares during the quarter. Twin Lakes Capital Management LLC’s holdings in MillerKnoll were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. grew its holdings in MillerKnoll by 7.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,329,264 shares of the company’s stock valued at $44,582,000 after buying an additional 170,504 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in MillerKnoll by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company’s stock valued at $25,721,000 after buying an additional 30,880 shares in the last quarter. LSV Asset Management grew its holdings in MillerKnoll by 36.4% during the 1st quarter. LSV Asset Management now owns 1,280,484 shares of the company’s stock valued at $24,508,000 after buying an additional 342,048 shares in the last quarter. Wellington Management Group LLP grew its holdings in MillerKnoll by 11.0% during the 1st quarter. Wellington Management Group LLP now owns 892,863 shares of the company’s stock valued at $17,089,000 after buying an additional 88,758 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in MillerKnoll by 26.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 839,998 shares of the company’s stock valued at $16,078,000 after buying an additional 175,648 shares in the last quarter. 87.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of MillerKnoll in a report on Tuesday, October 14th. Finally, Zacks Research raised shares of MillerKnoll from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

MillerKnoll Stock Up 0.2%

NASDAQ:MLKN opened at $17.45 on Monday. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $25.96. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -69.80, a price-to-earnings-growth ratio of 0.78 and a beta of 1.35. The stock has a fifty day simple moving average of $19.11 and a 200-day simple moving average of $18.48. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Wednesday, February 16th. The company reported $0.35 EPS for the quarter. The firm had revenue of $92.95 million for the quarter. MillerKnoll had a positive return on equity of 10.96% and a negative net margin of 0.41%. Analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Saturday, November 29th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, November 28th. MillerKnoll’s payout ratio is -300.00%.

MillerKnoll 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.