Northern Trust Corp boosted its holdings in Knoll Inc (NYSE:KNL) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 651,262 shares of the business services provider’s stock after acquiring an additional 20,303 shares during the quarter. Northern Trust Corp’s holdings in Knoll were worth $13,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Sun Life Financial INC acquired a new stake in Knoll in the 2nd quarter valued at approximately $143,000. Xact Kapitalforvaltning AB boosted its stake in Knoll by 29.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,381 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 2,600 shares in the last quarter. Engineers Gate Manager LP bought a new position in Knoll during the 2nd quarter valued at $269,000. Greenwich Wealth Management LLC boosted its stake in Knoll by 16.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock valued at $416,000 after purchasing an additional 2,801 shares in the last quarter. Finally, Algert Global LLC boosted its stake in Knoll by 23.2% during the 2nd quarter. Algert Global LLC now owns 33,594 shares of the business services provider’s stock valued at $699,000 after purchasing an additional 6,329 shares in the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.
Separately, Zacks Investment Research lowered Knoll from a “hold” rating to a “sell” rating in a research note on Saturday.
Shares of NYSE KNL opened at $19.83 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.30 and a quick ratio of 0.61. The firm has a market cap of $992.11 million, a price-to-earnings ratio of 14.37 and a beta of 1.07. Knoll Inc has a 1 year low of $18.91 and a 1 year high of $24.29.
Knoll (NYSE:KNL) last issued its quarterly earnings results on Monday, October 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $327.70 million during the quarter, compared to analyst estimates of $327.67 million. Knoll had a return on equity of 21.81% and a net margin of 6.44%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. Equities research analysts forecast that Knoll Inc will post 1.79 earnings per share for the current year.
In other news, Director John F. Maypole purchased 1,500 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was purchased at an average cost of $20.01 per share, with a total value of $30,015.00. Following the purchase, the director now owns 27,622 shares in the company, valued at approximately $552,716.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andrew B. Cogan sold 18,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $23.00, for a total value of $414,000.00. Following the sale, the chairman now directly owns 520,613 shares of the company’s stock, valued at $11,974,099. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,835 shares of company stock valued at $1,040,175. 1.90% of the stock is currently owned by corporate insiders.
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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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