Zebra Capital Management LLC decreased its position in shares of Knoll Inc (NYSE:KNL) by 20.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,966 shares of the business services provider’s stock after selling 9,277 shares during the quarter. Zebra Capital Management LLC’s holdings in Knoll were worth $769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KNL. Sun Life Financial INC purchased a new position in shares of Knoll during the 2nd quarter valued at approximately $143,000. Xact Kapitalforvaltning AB lifted its position in shares of Knoll by 29.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,381 shares of the business services provider’s stock valued at $230,000 after buying an additional 2,600 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Knoll by 48.9% during the 1st quarter. SG Americas Securities LLC now owns 12,283 shares of the business services provider’s stock valued at $248,000 after buying an additional 4,034 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Knoll during the 2nd quarter valued at approximately $269,000. Finally, Greenwich Wealth Management LLC lifted its position in shares of Knoll by 16.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock valued at $416,000 after buying an additional 2,801 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of KNL stock opened at $22.99 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.61 and a current ratio of 1.30. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 16.66 and a beta of 0.91. Knoll Inc has a fifty-two week low of $18.01 and a fifty-two week high of $24.00.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Monday, July 30th. The business services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $323.40 million for the quarter, compared to analyst estimates of $307.70 million. Knoll had a return on equity of 20.90% and a net margin of 6.54%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. sell-side analysts expect that Knoll Inc will post 1.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.61%. Knoll’s payout ratio is currently 43.48%.

KNL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Knoll from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, June 27th. ValuEngine upgraded Knoll from a “sell” rating to a “hold” rating in a research report on Saturday, June 16th.

In other Knoll news, SVP Roxanne B. Klein sold 1,835 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $22.90, for a total value of $42,021.50. Following the transaction, the senior vice president now owns 16,592 shares in the company, valued at approximately $379,956.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Andrew B. Cogan sold 18,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $23.00, for a total value of $414,000.00. Following the completion of the transaction, the chairman now owns 520,613 shares in the company, valued at approximately $11,974,099. The disclosure for this sale can be found here. Insiders sold a total of 44,835 shares of company stock worth $1,040,175 in the last 90 days. 1.90% of the stock is currently owned by insiders.

About Knoll

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.

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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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