Emerald Advisers Inc. PA Buys 47,230 Shares of Knoll Inc. (KNL)
Emerald Advisers Inc. PA increased its stake in shares of Knoll Inc. (NYSE:KNL) by 5.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 856,145 shares of the company’s stock after buying an additional 47,230 shares during the period. Knoll makes up 1.0% of Emerald Advisers Inc. PA’s portfolio, making the stock its 24th largest position. Emerald Advisers Inc. PA owned 1.78% of Knoll worth $20,787,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of KNL. Aperio Group LLC boosted its position in shares of Knoll by 74.4% in the first quarter. Aperio Group LLC now owns 36,549 shares of the company’s stock valued at $791,000 after buying an additional 15,597 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Knoll by 2.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,515 shares of the company’s stock valued at $661,000 after buying an additional 635 shares during the period. Prudential Financial Inc. boosted its position in shares of Knoll by 418.0% in the first quarter. Prudential Financial Inc. now owns 212,997 shares of the company’s stock valued at $4,612,000 after buying an additional 171,876 shares during the period. Algert Global LLC bought a new position in shares of Knoll during the first quarter valued at approximately $498,000. Finally, BlackRock Group LTD boosted its position in shares of Knoll by 27.3% in the first quarter. BlackRock Group LTD now owns 108,133 shares of the company’s stock valued at $2,341,000 after buying an additional 23,216 shares during the period. 92.38% of the stock is owned by hedge funds and other institutional investors.
Knoll Inc. (NYSE:KNL) traded down 0.31% during mid-day trading on Tuesday, hitting $22.22. The stock had a trading volume of 794,988 shares. Knoll Inc. has a 1-year low of $16.42 and a 1-year high of $26.76. The stock has a market cap of $1.07 billion, a PE ratio of 15.54 and a beta of 1.08. The firm’s 50-day moving average price is $24.71 and its 200-day moving average price is $23.95.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $294.70 million for the quarter, compared to the consensus estimate of $286.95 million. Knoll had a return on equity of 29.87% and a net margin of 6.08%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. On average, equities analysts expect that Knoll Inc. will post $1.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Tuesday, September 13th. Knoll’s payout ratio is 41.38%.
Several research analysts recently commented on KNL shares. Zacks Investment Research cut Knoll from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Raymond James Financial Inc. cut Knoll from an “outperform” rating to a “market perform” rating in a research report on Friday.
In related news, Director Sarah E. Nash sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $25.26, for a total value of $631,500.00. Following the completion of the sale, the director now directly owns 57,805 shares of the company’s stock, valued at approximately $1,460,154.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen F. Fisher sold 5,020 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $25.86, for a total value of $129,817.20. Following the completion of the sale, the director now directly owns 42,594 shares of the company’s stock, valued at $1,101,480.84. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Knoll, Inc is a designer and manufacturer of furnishings, textiles and leather for the workplace and home. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of its North American Office products.
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