Millennium Management LLC Purchases 139,144 Shares of Knoll Inc (KNL)

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Millennium Management LLC increased its position in Knoll Inc (NYSE:KNL) by 71.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 333,336 shares of the business services provider’s stock after acquiring an additional 139,144 shares during the quarter. Millennium Management LLC owned about 0.67% of Knoll worth $5,493,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Investors Research Corp increased its holdings in Knoll by 4.9% in the 4th quarter. Investors Research Corp now owns 10,650 shares of the business services provider’s stock worth $176,000 after acquiring an additional 500 shares during the last quarter. Legal & General Group Plc grew its holdings in Knoll by 6.8% during the 4th quarter. Legal & General Group Plc now owns 19,693 shares of the business services provider’s stock valued at $324,000 after buying an additional 1,261 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Knoll by 56.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,625 shares of the business services provider’s stock valued at $60,000 after buying an additional 1,301 shares in the last quarter. Lido Advisors LLC grew its holdings in Knoll by 17.9% during the 4th quarter. Lido Advisors LLC now owns 10,135 shares of the business services provider’s stock valued at $167,000 after buying an additional 1,540 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Knoll by 1.8% during the 4th quarter. California Public Employees Retirement System now owns 95,501 shares of the business services provider’s stock valued at $1,574,000 after buying an additional 1,702 shares in the last quarter. 91.67% of the stock is owned by institutional investors.

KNL has been the subject of a number of recent analyst reports. TheStreet raised Knoll from a “c+” rating to a “b” rating in a report on Friday, February 15th. ValuEngine raised Knoll from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research raised Knoll from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Finally, Sidoti reduced their target price on Knoll from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 2nd.

KNL stock opened at $19.48 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 1.15. The stock has a market cap of $965.38 million, a price-to-earnings ratio of 10.53 and a beta of 1.29. Knoll Inc has a twelve month low of $15.72 and a twelve month high of $24.29.

Knoll (NYSE:KNL) last posted its earnings results on Wednesday, February 6th. The business services provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.04. The business had revenue of $354.60 million during the quarter, compared to analyst estimates of $354.10 million. Knoll had a return on equity of 23.93% and a net margin of 5.62%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. Sell-side analysts expect that Knoll Inc will post 2.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.08%. Knoll’s dividend payout ratio (DPR) is presently 32.43%.

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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.

Further Reading: Earnings Per Share

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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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