Knoll Inc. (KNL) Shares Bought by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System increased its position in shares of Knoll Inc. (NYSE:KNL) by 5.0% during the second quarter, Holdings Channel reports. The fund owned 49,878 shares of the company’s stock after buying an additional 2,387 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.10% of Knoll worth $1,211,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. UBS Group AG raised its position 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 acquired a new position in shares of Knoll during the first quarter worth about $538,000. Neumeier Poma Investment Counsel LLC raised its position 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 acquired a new position in shares of Knoll during the first quarter worth about $1,403,000. Finally, Menta Capital LLC raised its position 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. Institutional investors own 92.38% of the company’s stock.
Knoll Inc. (NYSE:KNL) traded down 8.08% on Tuesday, reaching $22.29. 742,907 shares of the company’s stock traded hands. The firm has a market cap of $1.07 billion, a PE ratio of 15.59 and a beta of 1.11. The firm’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.
Knoll (NYSE:KNL) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $294.70 million for the quarter, compared to analysts’ expectations of $286.95 million. During the same period in the prior year, the business posted $0.36 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Equities analysts predict that Knoll Inc. will post $1.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, September 13th. Knoll’s dividend payout ratio is presently 41.38%.
Separately, Zacks Investment Research upgraded shares of Knoll from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, September 15th.
In other news, Director Benjamin A. Pardo sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $25.74, for a total transaction of $64,350.00. Following the sale, the director now directly owns 24,425 shares in the company, valued at $628,699.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrew B. Cogan sold 55,054 shares of the company’s stock in a transaction dated 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 owns 530,212 shares in the company, 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 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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