Renaissance Technologies LLC Has $1.10 Million Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Renaissance Technologies LLC lowered its holdings in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 58.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,700 shares of the company's stock after selling 69,500 shares during the quarter. Renaissance Technologies LLC owned 0.07% of MillerKnoll worth $1,100,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of MillerKnoll by 198.0% in the 4th quarter. Russell Investments Group Ltd. now owns 433,884 shares of the company's stock valued at $9,801,000 after purchasing an additional 288,304 shares during the period. Integrated Quantitative Investments LLC bought a new position in shares of MillerKnoll during the fourth quarter valued at $770,000. ExodusPoint Capital Management LP acquired a new stake in shares of MillerKnoll during the fourth quarter worth approximately $1,437,000. Trexquant Investment LP bought a new position in MillerKnoll in the 4th quarter valued at $1,390,000. Finally, Rodgers Brothers Inc. lifted its position in MillerKnoll by 25.3% during the 4th quarter. Rodgers Brothers Inc. now owns 98,754 shares of the company's stock valued at $2,231,000 after purchasing an additional 19,951 shares during the period. Institutional investors and hedge funds own 87.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Sidoti upgraded MillerKnoll to a "hold" rating in a report on Tuesday, March 25th.

MillerKnoll Stock Down 0.9 %

Shares of NASDAQ:MLKN traded down $0.16 during midday trading on Monday, reaching $16.56. 17,876 shares of the company were exchanged, compared to its average volume of 601,866. The firm has a market cap of $1.12 billion, a PE ratio of 18.16, a P/E/G ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $31.73. The stock has a fifty day simple moving average of $18.21 and a two-hundred day simple moving average of $21.50. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same period last year, the company earned $0.45 earnings per share. MillerKnoll's quarterly revenue was up .4% on a year-over-year basis. As a group, sell-side analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.75 dividend on an annualized basis and a yield of 4.53%. MillerKnoll's dividend payout ratio is 178.57%.

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.