Insider Selling: Knoll Inc (KNL) Chairman Sells 10,226 Shares of Stock

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Knoll Inc (NYSE:KNL) Chairman Andrew B. Cogan sold 10,226 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $21.15, for a total value of $216,279.90. Following the completion of the sale, the chairman now owns 535,792 shares in the company, valued at $11,332,000.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of KNL traded down $0.01 on Monday, hitting $20.74. The company’s stock had a trading volume of 5,469 shares, compared to its average volume of 241,195. The company has a market capitalization of $1.03 billion, a P/E ratio of 11.21 and a beta of 1.34. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.18 and a quick ratio of 0.59. Knoll Inc has a fifty-two week low of $15.72 and a fifty-two week high of $24.29.

Knoll (NYSE:KNL) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $332.80 million for the quarter, compared to the consensus estimate of $312.20 million. Knoll had a return on equity of 24.17% and a net margin of 5.67%. Knoll’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. On average, sell-side analysts anticipate that Knoll Inc will post 2.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.17 dividend. This is an increase from Knoll’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, June 13th. Knoll’s payout ratio is presently 32.43%.

Several equities research analysts have recently weighed in on KNL shares. Zacks Investment Research upgraded Knoll from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, May 1st. TheStreet raised Knoll from a “c+” rating to a “b” rating in a report on Friday, February 15th. Finally, ValuEngine raised Knoll from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC lifted its stake in shares of Knoll by 3.5% in the 3rd quarter. Teachers Advisors LLC now owns 95,478 shares of the business services provider’s stock valued at $2,239,000 after purchasing an additional 3,238 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Knoll by 383.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,484 shares of the business services provider’s stock valued at $272,000 after buying an additional 13,072 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Knoll in the 4th quarter valued at $131,000. Dean Investment Associates LLC increased its position in shares of Knoll by 30.5% in the 4th quarter. Dean Investment Associates LLC now owns 266,525 shares of the business services provider’s stock valued at $4,392,000 after buying an additional 62,330 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Knoll by 28.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,411 shares of the business services provider’s stock valued at $3,082,000 after buying an additional 29,097 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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Knoll Company Profile

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments.

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Insider Buying and Selling by Quarter for Knoll (NYSE:KNL)

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