Knoll Inc. (KNL) Shares Bought by Acrospire Investment Management LLC
Acrospire Investment Management LLC boosted its position in shares of Knoll Inc. (NYSE:KNL) by 404.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,491 shares of the company’s stock after buying an additional 3,600 shares during the period. Acrospire Investment Management LLC’s holdings in Knoll were worth $109,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. UBS Group AG boosted its stake in shares of Knoll by 188.3% in the first quarter. UBS Group AG now owns 68,912 shares of the company’s stock worth $1,492,000 after buying an additional 45,013 shares during the period. Zebra Capital Management LLC purchased a new stake in shares of Knoll during the first quarter worth about $538,000. Neumeier Poma Investment Counsel LLC boosted its stake in shares of Knoll by 14.1% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 929,555 shares of the company’s stock worth $20,125,000 after buying an additional 115,175 shares during the period. Spark Investment Management LLC purchased a new stake in shares of Knoll during the first quarter worth about $1,403,000. Finally, Menta Capital LLC boosted its stake in shares of Knoll by 74.7% in the first quarter. Menta Capital LLC now owns 61,870 shares of the company’s stock worth $1,339,000 after buying an additional 26,455 shares during the period. 92.38% of the stock is owned by hedge funds and other institutional investors.
Knoll Inc. (NYSE:KNL) traded down 7.22% during mid-day trading on Tuesday, reaching $22.50. The company’s stock had a trading volume of 479,562 shares. The stock’s 50-day moving average is $25.49 and its 200-day moving average is $23.74. Knoll Inc. has a 12 month low of $16.42 and a 12 month high of $26.76. The firm has a market capitalization of $1.08 billion, a PE ratio of 15.73 and a beta of 1.11.
Knoll (NYSE:KNL) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Knoll had a return on equity of 29.87% and a net margin of 6.08%. The company had revenue of $294.70 million for the quarter, compared to analyst estimates of $286.95 million. During the same period last year, the company posted $0.36 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Knoll Inc. will post $1.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.47%. The ex-dividend date is Tuesday, September 13th. Knoll’s dividend payout ratio (DPR) is presently 41.38%.
Separately, Zacks Investment Research raised Knoll from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, August 2nd.
In other Knoll news, SVP Michael A. Pollner sold 4,386 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $25.62, for a total value of $112,369.32. Following the transaction, the senior vice president now directly owns 32,500 shares of the company’s stock, valued at $832,650. The transaction was disclosed in a 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 dated Tuesday, August 2nd. The shares were sold at an average price of $25.26, for a total value of $631,500.00. Following the completion of 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. 2.20% of the stock is owned by company 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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