Silvercrest Asset Management Group LLC Sells 26,279 Shares of Knoll, Inc. (KNL)
Silvercrest Asset Management Group LLC reduced its stake in shares of Knoll, Inc. (NYSE:KNL) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,154,380 shares of the company’s stock after selling 26,279 shares during the period. Knoll makes up about 1.0% of Silvercrest Asset Management Group LLC’s holdings, making the stock its 19th largest position. Silvercrest Asset Management Group LLC owned 6.56% of Knoll worth $88,102,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. New York State Teachers Retirement System acquired a new stake in Knoll during the second quarter valued at approximately $102,000. Walleye Trading LLC acquired a new stake in Knoll during the second quarter valued at approximately $119,000. Acrospire Investment Management LLC raised its stake in Knoll by 31.0% in the third quarter. Acrospire Investment Management LLC now owns 5,881 shares of the company’s stock valued at $134,000 after buying an additional 1,390 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in Knoll by 2.4% in the third quarter. BlackRock Japan Co. Ltd now owns 6,451 shares of the company’s stock valued at $147,000 after buying an additional 153 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Knoll by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,824 shares of the company’s stock valued at $166,000 after buying an additional 825 shares during the last quarter. 90.92% of the stock is currently owned by institutional investors.
Shares of Knoll, Inc. (NYSE:KNL) traded down 0.83% on Thursday, hitting $22.68. 396,191 shares of the company’s stock were exchanged. Knoll, Inc. has a 12-month low of $18.25 and a 12-month high of $28.40. The company’s 50-day moving average price is $26.65 and its 200 day moving average price is $25.08. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 13.50 and a beta of 1.17.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Friday, February 10th. The company reported $0.44 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.44. Knoll had a net margin of 7.01% and a return on equity of 28.95%. The business had revenue of $292.90 million for the quarter. During the same quarter in the previous year, the business posted $0.43 earnings per share. Knoll’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Knoll, Inc. will post $1.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a $0.15 dividend. The ex-dividend date is Monday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.65%. Knoll’s payout ratio is 35.71%.
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Several equities research analysts have commented on KNL shares. Seaport Global Securities started coverage on shares of Knoll in a report on Friday, November 4th. They issued a “buy” rating and a $27.00 price target on the stock. Zacks Investment Research raised shares of Knoll from a “sell” rating to a “hold” rating in a report on Wednesday, November 30th.
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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