Knoll Inc. (KNL) Shares Sold by Copper Rock Capital Partners LLC
Copper Rock Capital Partners LLC lowered its position in Knoll Inc. (NYSE:KNL) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 892,346 shares of the company’s stock after selling 8,160 shares during the period. Copper Rock Capital Partners LLC owned about 1.86% of Knoll worth $20,524,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in KNL. New York State Teachers Retirement System acquired a new stake in shares of Knoll during the second quarter worth about $102,000. Acrospire Investment Management LLC boosted its stake in shares of Knoll by 404.0% in the second quarter. Acrospire Investment Management LLC now owns 4,491 shares of the company’s stock worth $109,000 after buying an additional 3,600 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Knoll by 85.6% in the third quarter. BNP Paribas Arbitrage SA now owns 4,546 shares of the company’s stock worth $104,000 after buying an additional 2,097 shares during the last quarter. Walleye Trading LLC acquired a new stake in shares of Knoll during the second quarter worth about $119,000. Finally, BlackRock Japan Co. Ltd boosted its stake in shares of Knoll by 41.4% in the first quarter. BlackRock Japan Co. Ltd now owns 6,523 shares of the company’s stock worth $141,000 after buying an additional 1,910 shares during the last quarter. 92.38% of the stock is owned by hedge funds and other institutional investors.
Knoll Inc. (NYSE:KNL) opened at 22.17 on Friday. The firm has a market cap of $1.07 billion, a P/E ratio of 15.50 and a beta of 1.07. Knoll Inc. has a 1-year low of $16.42 and a 1-year high of $26.76. The company has a 50-day moving average price of $24.45 and a 200-day moving average price of $23.93.
Knoll (NYSE:KNL) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business earned $294.70 million during the quarter, compared to analyst estimates of $286.95 million. Knoll had a return on equity of 29.87% and a net margin of 6.08%. Knoll’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. On average, equities research analysts forecast that Knoll Inc. will post $1.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Tuesday, September 13th. Knoll’s dividend payout ratio is presently 41.38%.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded Knoll from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Raymond James Financial Inc. downgraded Knoll from an “outperform” rating to a “market perform” rating in a research note on Friday, September 30th.
In other news, Director Sarah E. Nash sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $25.26, for a total transaction 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 legal filing with the SEC, which is available at the SEC website. Also, insider Andrew B. Cogan sold 55,054 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $25.31, for a total value of $1,393,416.74. Following the sale, the insider now directly owns 530,212 shares of the company’s stock, valued at $13,419,665.72. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
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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