Nisa Investment Advisors LLC maintained its stake in Knoll, Inc. (NYSE:KNL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,820 shares of the business services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Knoll were worth $185,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in KNL. Teachers Advisors LLC boosted its position in shares of Knoll by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 76,185 shares of the business services provider’s stock valued at $2,128,000 after buying an additional 2,189 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Knoll during the first quarter valued at about $1,670,000. First Quadrant L P CA boosted its position in shares of Knoll by 1,874.9% in the first quarter. First Quadrant L P CA now owns 51,347 shares of the business services provider’s stock valued at $1,223,000 after buying an additional 48,747 shares in the last quarter. Malaga Cove Capital LLC purchased a new position in shares of Knoll during the first quarter valued at about $536,000. Finally, Investment Counselors of Maryland LLC purchased a new position in shares of Knoll during the first quarter valued at about $18,759,000. Hedge funds and other institutional investors own 96.33% of the company’s stock.
Shares of Knoll, Inc. (NYSE:KNL) traded up 1.73% during trading on Wednesday, reaching $18.22. 43,216 shares of the company’s stock traded hands. The company has a market capitalization of $883.01 million, a price-to-earnings ratio of 12.57 and a beta of 0.98. Knoll, Inc. has a 1-year low of $16.57 and a 1-year high of $28.40. The company has a 50 day moving average of $19.23 and a 200-day moving average of $22.13.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.08. The business had revenue of $268.70 million for the quarter, compared to analyst estimates of $284.65 million. Knoll had a return on equity of 23.40% and a net margin of 6.43%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities analysts predict that Knoll, Inc. will post $1.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, September 14th. Knoll’s dividend payout ratio is currently 41.38%.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Knoll from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine cut shares of Knoll from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
In other news, Director Benjamin A. Pardo sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $19.45, for a total transaction of $42,790.00. Following the sale, the director now directly owns 23,773 shares in the company, valued at $462,384.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.
Knoll Company Profile
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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