LSV Asset Management lifted its position in shares of Knoll Inc (NYSE:KNL) by 96.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 358,700 shares of the business services provider’s stock after buying an additional 175,800 shares during the quarter. LSV Asset Management owned approximately 0.72% of Knoll worth $7,242,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of Knoll by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 36,458 shares of the business services provider’s stock valued at $840,000 after buying an additional 2,210 shares in the last quarter. Systematic Financial Management LP lifted its stake in shares of Knoll by 1.4% during the 4th quarter. Systematic Financial Management LP now owns 273,491 shares of the business services provider’s stock valued at $6,301,000 after buying an additional 3,811 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Knoll by 48.9% during the 1st quarter. SG Americas Securities LLC now owns 12,283 shares of the business services provider’s stock valued at $248,000 after buying an additional 4,034 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Knoll by 8.2% during the 3rd quarter. California Public Employees Retirement System now owns 53,782 shares of the business services provider’s stock valued at $1,076,000 after buying an additional 4,082 shares in the last quarter. Finally, New Amsterdam Partners LLC NY lifted its stake in shares of Knoll by 1.5% during the 4th quarter. New Amsterdam Partners LLC NY now owns 289,842 shares of the business services provider’s stock valued at $6,678,000 after buying an additional 4,332 shares in the last quarter. Institutional investors own 94.29% of the company’s stock.
A number of research analysts recently weighed in on the stock. ValuEngine cut shares of Knoll from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Knoll from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company. Knoll currently has an average rating of “Hold” and a consensus target price of $26.00.
In other Knoll news, EVP David L. Schutte sold 2,358 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $21.57, for a total value of $50,862.06. Following the sale, the executive vice president now owns 58,735 shares in the company, valued at approximately $1,266,913.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.
Shares of KNL stock opened at $20.56 on Friday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 14.90 and a beta of 1.05. Knoll Inc has a 52 week low of $16.57 and a 52 week high of $24.00. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.67 and a current ratio of 1.38.
Knoll (NYSE:KNL) last announced its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $296.60 million for the quarter, compared to analysts’ expectations of $296.80 million. Knoll had a net margin of 6.83% and a return on equity of 19.75%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. equities analysts expect that Knoll Inc will post 1.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, June 14th. Knoll’s payout ratio is currently 43.48%.
Knoll Company Profile
Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.
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