Peregrine Capital Management LLC Lowers Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Peregrine Capital Management LLC cut its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN – Get Rating) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 275,934 shares of the company’s stock after selling 3,005 shares during the period. Peregrine Capital Management LLC owned 0.37% of MillerKnoll worth $5,797,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in MillerKnoll by 1,177.3% during the third quarter. Assenagon Asset Management S.A. now owns 405,826 shares of the company’s stock worth $6,331,000 after acquiring an additional 374,054 shares during the period. PFS Investments Inc. raised its position in MillerKnoll by 12.6% during the second quarter. PFS Investments Inc. now owns 32,240 shares of the company’s stock worth $847,000 after acquiring an additional 3,598 shares during the period. Louisiana State Employees Retirement System acquired a new position in MillerKnoll during the third quarter worth $315,000. Oregon Public Employees Retirement Fund raised its position in MillerKnoll by 2.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 22,130 shares of the company’s stock worth $345,000 after acquiring an additional 524 shares during the period. Finally, Telemetry Investments L.L.C. acquired a new position in MillerKnoll during the third quarter worth $159,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

MillerKnoll Price Performance

Shares of NASDAQ MLKN opened at $20.81 on Friday. The firm has a 50-day simple moving average of $23.06 and a 200-day simple moving average of $21.72. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 21.02 and a beta of 1.45. The company has a quick ratio of 0.93, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. MillerKnoll, Inc. has a 52 week low of $15.54 and a 52 week high of $36.93.

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

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 15th. Stockholders of record on Saturday, March 4th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Thursday, March 2nd. MillerKnoll’s dividend payout ratio (DPR) is 75.76%.

MillerKnoll Profile

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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.