American International Group Inc. lessened its holdings in shares of Knoll Inc (NYSE:KNL) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,883 shares of the business services provider’s stock after selling 1,001 shares during the quarter. American International Group Inc.’s holdings in Knoll were worth $584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in shares of Knoll by 3.6% in the fourth quarter. BlackRock Inc. now owns 3,361,988 shares of the business services provider’s stock valued at $55,405,000 after purchasing an additional 117,192 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Knoll by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,178,766 shares of the business services provider’s stock valued at $35,906,000 after purchasing an additional 24,725 shares during the period. Macquarie Group Ltd. raised its position in shares of Knoll by 0.9% in the fourth quarter. Macquarie Group Ltd. now owns 1,929,234 shares of the business services provider’s stock valued at $31,794,000 after purchasing an additional 16,355 shares during the period. Norges Bank bought a new position in shares of Knoll in the fourth quarter valued at approximately $18,976,000. Finally, Investment Counselors of Maryland LLC raised its position in shares of Knoll by 1.4% in the fourth quarter. Investment Counselors of Maryland LLC now owns 988,676 shares of the business services provider’s stock valued at $16,293,000 after purchasing an additional 13,475 shares during the period. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

In other Knoll news, CEO Andrew B. Cogan sold 2,774 shares of Knoll stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $21.06, for a total transaction of $58,420.44. Following the sale, the chief executive officer now owns 533,018 shares in the company, valued at $11,225,359.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Andrew B. Cogan sold 10,226 shares of Knoll stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $21.15, for a total transaction of $216,279.90. Following the sale, the chairman now owns 535,792 shares in the company, valued at approximately $11,332,000.80. The disclosure for this sale can be found here. Insiders have sold 16,500 shares of company stock worth $350,335 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Shares of KNL stock opened at $21.54 on Thursday. Knoll Inc has a 1 year low of $15.72 and a 1 year high of $24.29. The firm has a market cap of $1.05 billion, a P/E ratio of 11.64 and a beta of 1.37. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 1.18.

Knoll (NYSE:KNL) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Knoll had a net margin of 5.67% and a return on equity of 24.17%. The business had revenue of $332.80 million for the quarter, compared to analyst estimates of $312.20 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Knoll’s revenue was up 12.2% compared to the same quarter last year. Analysts predict that Knoll Inc will post 2.03 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.68 dividend on an annualized basis and a yield of 3.16%. This is a positive change from Knoll’s previous quarterly dividend of $0.15. Knoll’s payout ratio is 32.43%.

A number of brokerages recently issued reports on KNL. Zacks Investment Research lowered shares of Knoll from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. ValuEngine raised shares of Knoll from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Finally, TheStreet raised shares of Knoll from a “c+” rating to a “b” rating in a research report on Friday, February 15th.

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About Knoll

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments.

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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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