Knoll VP Sells $114,125 in Stock (KNL)
Knoll (NYSE:KNL) VP Michael A. Pollner unloaded 6,250 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $18.26, for a total transaction of $114,125.00. Following the completion of the sale, the vice president now directly owns 64,882 shares in the company, valued at approximately $1,184,745. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Knoll (NYSE:KNL) traded up 0.32% during mid-day trading on Thursday, hitting $18.54. The stock had a trading volume of 65,507 shares. 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 $17.47 and a 200-day moving average of $17.16. The company has a market cap of $878.3 million and a P/E ratio of 30.85.
Knoll (NYSE:KNL) last announced its earnings results 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. Analysts expect that Knoll will post $1.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend 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.