Insider Selling: Knoll VP Sells 6,250 Shares of Stock (KNL)
Knoll (NYSE:KNL) VP Michael A. Pollner sold 6,250 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $18.26, for a total transaction of $114,125.00. Following the completion of the transaction, the vice president now directly owns 64,882 shares in the company, valued at approximately $1,184,745. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Knoll (NYSE:KNL) traded up 0.16% on Tuesday, hitting $18.55. 63,486 shares of the company’s stock traded hands. Knoll has a 52 week low of $14.54 and a 52 week high of $20.10. The stock has a 50-day moving average of $17.4 and a 200-day moving average of $17.15. The company has a market cap of $878.8 million and a price-to-earnings ratio of 30.92.
Knoll (NYSE:KNL) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $265.80 million for the quarter, compared to the consensus estimate of $251.97 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, analysts predict that Knoll will post $1.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, September 11th.
Separately, analysts at TheStreet downgraded shares of Knoll from a “buy” rating to a “hold” rating in a research note on Friday, June 6th.
Knoll, Inc, is a designer and manufacturer of workplace furnishings, textiles and fine leathers. The Company operates in three segments: Office, Studio and Coverings.
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