Victory Capital Management Inc. boosted its position in Knoll Inc. (NYSE:KNL) by 17.6% during the second quarter, Holdings Channel reports. The firm owned 19,320 shares of the company’s stock after buying an additional 2,893 shares during the period. Victory Capital Management Inc.’s holdings in Knoll were worth $469,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of Knoll by 33.6% in the second quarter. Ameriprise Financial Inc. now owns 270,458 shares of the company’s stock worth $6,567,000 after buying an additional 67,979 shares during the period. Assetmark Inc. increased its position in shares of Knoll by 2.9% in the second quarter. Assetmark Inc. now owns 134,781 shares of the company’s stock worth $3,272,000 after buying an additional 3,815 shares during the period. LSV Asset Management increased its position in shares of Knoll by 684.6% in the second quarter. LSV Asset Management now owns 91,800 shares of the company’s stock worth $2,228,000 after buying an additional 80,100 shares during the period. Airain ltd increased its position in shares of Knoll by 57.7% in the second quarter. Airain ltd now owns 21,138 shares of the company’s stock worth $513,000 after buying an additional 7,730 shares during the period. Finally, Chartwell Investment Partners LLC increased its position in shares of Knoll by 19.0% in the second quarter. Chartwell Investment Partners LLC now owns 832,376 shares of the company’s stock worth $20,210,000 after buying an additional 132,671 shares during the period. Institutional investors and hedge funds own 92.38% of the company’s stock.
Knoll Inc. (NYSE:KNL) traded down 0.65% on Friday, hitting $22.85. 1,464,274 shares of the company traded hands. The stock has a market cap of $1.10 billion, a PE ratio of 15.98 and a beta of 1.11. Knoll Inc. has a 12 month low of $16.42 and a 12 month high of $26.76. The stock’s 50-day moving average is $24.80 and its 200 day moving average is $23.87.
Knoll (NYSE:KNL) last posted its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The firm had revenue of $294.70 million for the quarter, compared to the consensus estimate of $286.95 million. Knoll had a net margin of 6.08% and a return on equity of 29.87%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. Equities research analysts expect that Knoll Inc. will post $1.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, September 13th. Knoll’s payout ratio is currently 41.38%.
A number of research analysts have weighed in on the stock. Raymond James Financial Inc. downgraded shares of Knoll from an “outperform” rating to a “market perform” rating in a research report on Friday. Zacks Investment Research downgraded shares of Knoll from a “buy” rating to a “hold” rating in a research report on Wednesday.
In other Knoll news, 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 transaction of $1,393,416.74. Following the transaction, the insider now directly owns 530,212 shares of the company’s stock, valued at approximately $13,419,665.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the director now directly owns 57,805 shares in the company, valued at $1,460,154.30. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Knoll Company Profile
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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