Trexquant Investment LP Sells 82,517 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Trexquant Investment LP lessened its holdings in MillerKnoll, Inc. (NASDAQ:MLKNFree Report) by 52.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,616 shares of the company’s stock after selling 82,517 shares during the quarter. Trexquant Investment LP owned 0.10% of MillerKnoll worth $1,964,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Panagora Asset Management Inc. bought a new stake in MillerKnoll during the fourth quarter worth about $4,867,000. BNP Paribas Financial Markets lifted its position in MillerKnoll by 163.2% during the fourth quarter. BNP Paribas Financial Markets now owns 131,233 shares of the company’s stock worth $3,501,000 after purchasing an additional 81,381 shares during the period. Vanguard Group Inc. lifted its position in MillerKnoll by 0.5% during the third quarter. Vanguard Group Inc. now owns 8,971,907 shares of the company’s stock worth $219,363,000 after purchasing an additional 48,165 shares during the period. Assenagon Asset Management S.A. lifted its position in MillerKnoll by 359.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 79,781 shares of the company’s stock worth $2,129,000 after purchasing an additional 62,403 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in MillerKnoll during the fourth quarter worth about $982,000. Institutional investors own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th.

Get Our Latest Stock Report on MillerKnoll

MillerKnoll Stock Up 1.5 %

Shares of NASDAQ MLKN opened at $26.86 on Monday. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.15 and a beta of 1.25. MillerKnoll, Inc. has a 12 month low of $13.20 and a 12 month high of $31.33. The stock has a 50-day moving average price of $26.95 and a two-hundred day moving average price of $27.24.

MillerKnoll (NASDAQ:MLKNGet Free Report) last issued its earnings results on Wednesday, March 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $872.30 million during the quarter, compared to the consensus estimate of $909.55 million. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The business’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, analysts forecast that MillerKnoll, Inc. will post 1.94 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Saturday, June 1st will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, May 31st. MillerKnoll’s dividend payout ratio is currently 77.32%.

About MillerKnoll

(Free Report)

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.

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Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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