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

Twin Lakes Capital Management LLC cut its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,333 shares of the company’s stock after selling 3,067 shares during the quarter. Twin Lakes Capital Management LLC owned 0.07% of MillerKnoll worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Summit Securities Group LLC bought a new stake in MillerKnoll during the first quarter valued at approximately $70,000. CWM LLC lifted its holdings in shares of MillerKnoll by 346.9% in the 2nd quarter. CWM LLC now owns 5,072 shares of the company’s stock worth $99,000 after acquiring an additional 3,937 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of MillerKnoll by 816.5% in the 1st quarter. Headlands Technologies LLC now owns 7,213 shares of the company’s stock worth $138,000 after acquiring an additional 6,426 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of MillerKnoll in the 1st quarter worth approximately $201,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of MillerKnoll by 7.8% in the 1st quarter. Hsbc Holdings PLC now owns 10,350 shares of the company’s stock worth $201,000 after acquiring an additional 753 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Stock Up 0.2%

Shares of MillerKnoll stock opened at $17.45 on Monday. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The company’s fifty day simple moving average is $19.11 and its two-hundred day simple moving average is $18.48. The company has a market cap of $1.20 billion, a P/E ratio of -69.80, a PEG ratio of 0.78 and a beta of 1.35. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $25.96.

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

MillerKnoll Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of MillerKnoll in a report on Tuesday, October 14th. Wall Street Zen lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded shares of MillerKnoll from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One investment 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.com, the company presently has an average rating of “Hold”.

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.