Knoll Inc (KNL) Holdings Trimmed by BlueMountain Capital Management LLC

BlueMountain Capital Management LLC lessened its stake in shares of Knoll Inc (NYSE:KNL) by 9.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,956 shares of the business services provider’s stock after selling 4,925 shares during the quarter. BlueMountain Capital Management LLC owned about 0.10% of Knoll worth $1,040,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Knoll by 5.9% during the 2nd quarter. BlackRock Inc. now owns 3,213,773 shares of the business services provider’s stock valued at $66,879,000 after buying an additional 179,407 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Knoll by 0.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 3,178,481 shares of the business services provider’s stock valued at $64,173,000 after acquiring an additional 17,602 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Knoll by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,119,876 shares of the business services provider’s stock valued at $44,114,000 after acquiring an additional 9,166 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Knoll during the 1st quarter valued at about $36,503,000. Finally, Epoch Investment Partners Inc. boosted its position in shares of Knoll by 5.9% during the 1st quarter. Epoch Investment Partners Inc. now owns 993,071 shares of the business services provider’s stock valued at $20,050,000 after acquiring an additional 54,887 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

KNL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Knoll from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Saturday, August 4th. ValuEngine upgraded Knoll from a “sell” rating to a “hold” rating in a research report on Saturday, June 16th.

In related news, Chairman Andrew B. Cogan sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $23.00, for a total value of $414,000.00. Following the completion of the sale, the chairman now owns 520,613 shares in the company, valued at approximately $11,974,099. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Roxanne B. Klein sold 1,835 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 16,592 shares of the company’s stock, valued at approximately $379,956.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,835 shares of company stock valued at $1,040,175. Corporate insiders own 1.90% of the company’s stock.

Shares of KNL opened at $22.90 on Friday. The stock has a market cap of $1.12 billion, a PE ratio of 16.59 and a beta of 0.91. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.28. Knoll Inc has a 12-month low of $18.01 and a 12-month high of $24.00.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.62%. Knoll’s dividend payout ratio (DPR) is presently 43.48%.

Knoll Company Profile

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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