Renaissance Technologies LLC Buys 495,562 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Renaissance Technologies LLC increased its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN – Get Rating) by 824.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 555,683 shares of the company’s stock after purchasing an additional 495,562 shares during the quarter. Renaissance Technologies LLC owned 0.74% of MillerKnoll worth $8,669,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. US Bancorp DE purchased a new stake in shares of MillerKnoll in the first quarter valued at $36,000. Captrust Financial Advisors bought a new stake in MillerKnoll in the first quarter worth about $41,000. Steward Partners Investment Advisory LLC bought a new stake in MillerKnoll in the second quarter worth about $37,000. Point72 Hong Kong Ltd purchased a new position in shares of MillerKnoll during the first quarter valued at approximately $58,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of MillerKnoll during the first quarter valued at approximately $103,000. 97.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark cut MillerKnoll from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th.

MillerKnoll Trading Up 2.1 %

MLKN stock opened at $23.27 on Wednesday. MillerKnoll, Inc. has a 12 month low of $15.54 and a 12 month high of $36.96. The firm’s 50-day moving average is $22.96 and its 200 day moving average is $22.13. The company has a market capitalization of $1.76 billion, a PE ratio of 23.51 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 0.93.

MillerKnoll (NASDAQ:MLKN – Get Rating) last issued its earnings results on Wednesday, December 21st. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. MillerKnoll had a net margin of 1.78% and a return on equity of 9.46%. The business had revenue of $1.07 billion for the quarter.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, April 15th. Shareholders of record on Saturday, March 4th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, March 2nd. MillerKnoll’s dividend payout ratio is 75.76%.

About MillerKnoll

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MillerKnoll, Inc engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments including office, healthcare, educational, and residential settings. It operates through the following segments: Americas Contract, International Contract, Global Retail, and Knoll.