Algert Global LLC grew its stake in shares of Knoll Inc (NYSE:KNL) by 90.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 63,884 shares of the business services provider’s stock after acquiring an additional 30,290 shares during the quarter. Algert Global LLC owned about 0.13% of Knoll worth $1,498,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Knoll by 1.0% during the 3rd quarter. BlackRock Inc. now owns 3,244,796 shares of the business services provider’s stock valued at $76,093,000 after acquiring an additional 31,023 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Knoll by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,154,041 shares of the business services provider’s stock valued at $50,512,000 after acquiring an additional 34,165 shares during the period. Voya Investment Management LLC lifted its position in shares of Knoll by 1.2% during the 2nd quarter. Voya Investment Management LLC now owns 1,674,532 shares of the business services provider’s stock valued at $34,847,000 after acquiring an additional 20,664 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Knoll by 9.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,415,849 shares of the business services provider’s stock valued at $33,202,000 after acquiring an additional 127,562 shares during the period. Finally, Epoch Investment Partners Inc. lifted its position in shares of Knoll by 7.5% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,067,076 shares of the business services provider’s stock valued at $22,206,000 after acquiring an additional 74,005 shares during the period. Hedge funds and other institutional investors own 90.56% of the company’s stock.
NYSE:KNL opened at $17.94 on Friday. The firm has a market cap of $917.22 million, a PE ratio of 13.00 and a beta of 1.04. The company has a quick ratio of 0.60, a current ratio of 1.28 and a debt-to-equity ratio of 1.20. Knoll Inc has a fifty-two week low of $17.86 and a fifty-two week high of $24.29.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Monday, October 29th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Knoll had a return on equity of 21.51% and a net margin of 6.44%. The business had revenue of $327.70 million during the quarter, compared to the consensus estimate of $327.67 million. During the same period in the prior year, the company earned $0.39 EPS. Knoll’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, research analysts expect that Knoll Inc will post 1.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 3.34%. Knoll’s dividend payout ratio is currently 43.48%.
In other Knoll news, Director John F. Maypole acquired 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was acquired at an average cost of $20.01 per share, for a total transaction of $30,015.00. Following the transaction, the director now directly owns 27,622 shares in the company, valued at $552,716.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.
A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Knoll from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine downgraded Knoll from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th.
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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