Great West Life Assurance Co. Can Maintains Holdings in Knoll, Inc. (KNL)
Great West Life Assurance Co. Can held its position in Knoll, Inc. (NYSE:KNL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,141 shares of the business services provider’s stock at the close of the second quarter. Great West Life Assurance Co. Can’s holdings in Knoll were worth $123,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. MARSHALL WACE ASIA Ltd bought a new position in Knoll in the 1st quarter valued at $2,205,000. Macquarie Group Ltd. boosted its holdings in Knoll by 8.9% in the 1st quarter. Macquarie Group Ltd. now owns 1,343,071 shares of the business services provider’s stock valued at $31,979,000 after purchasing an additional 109,211 shares during the period. Swiss National Bank boosted its holdings in Knoll by 2.1% in the 1st quarter. Swiss National Bank now owns 81,200 shares of the business services provider’s stock valued at $1,933,000 after purchasing an additional 1,700 shares during the period. William Blair Investment Management LLC bought a new position in Knoll in the 1st quarter valued at $12,294,000. Finally, Legato Capital Management LLC bought a new position in Knoll in the 2nd quarter valued at $391,000. Institutional investors and hedge funds own 90.68% of the company’s stock.
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Knoll, Inc. (NYSE KNL) opened at 18.30 on Tuesday. Knoll, Inc. has a one year low of $16.57 and a one year high of $28.40. The firm has a 50-day moving average of $18.23 and a 200 day moving average of $21.09. The company has a market capitalization of $886.96 million, a P/E ratio of 12.63 and a beta of 0.99.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.08). The firm had revenue of $268.70 million during the quarter, compared to analysts’ expectations of $284.65 million. Knoll had a return on equity of 23.40% and a net margin of 6.43%. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. On average, equities analysts forecast that Knoll, Inc. will post $1.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.60 annualized dividend and a yield of 3.28%. Knoll’s payout ratio is 41.38%.
Several research analysts have commented on the stock. ValuEngine downgraded shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, June 21st. TheStreet downgraded shares of Knoll from a “b-” rating to a “c+” rating in a report on Thursday, September 7th. Sidoti assumed coverage on shares of Knoll in a report on Wednesday, August 16th. They issued a “buy” rating and a $28.00 price target for the company. Finally, Raymond James Financial, Inc. raised shares of Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Monday, August 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Knoll has a consensus rating of “Buy” and an average target price of $24.50.
In related news, Director Benjamin A. Pardo sold 2,200 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $19.45, for a total transaction of $42,790.00. Following the completion of the transaction, the director now directly owns 23,773 shares of the company’s stock, valued at $462,384.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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