Rice Hall James & Associates LLC Has $1.37 Million Position in Knoll, Inc. (KNL)
Rice Hall James & Associates LLC cut its stake in shares of Knoll, Inc. (NYSE:KNL) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 68,162 shares of the business services provider’s stock after selling 3,781 shares during the period. Rice Hall James & Associates LLC’s holdings in Knoll were worth $1,367,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of KNL. New York State Teachers Retirement System raised its position in Knoll by 2.4% in the first quarter. New York State Teachers Retirement System now owns 4,300 shares of the business services provider’s stock valued at $102,000 after buying an additional 100 shares during the period. Quantbot Technologies LP raised its position in Knoll by 1,808.0% in the first quarter. Quantbot Technologies LP now owns 7,193 shares of the business services provider’s stock valued at $171,000 after buying an additional 6,816 shares during the period. Strs Ohio raised its position in Knoll by 6.0% in the second quarter. Strs Ohio now owns 8,800 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares during the period. Sei Investments Co. raised its position in Knoll by 35.1% in the first quarter. Sei Investments Co. now owns 9,016 shares of the business services provider’s stock valued at $214,000 after buying an additional 2,343 shares during the period. Finally, Camelot Portfolios LLC acquired a new stake in shares of Knoll during the first quarter valued at $251,000. Institutional investors own 96.33% of the company’s stock.
Shares of Knoll, Inc. (NYSE:KNL) opened at 17.91 on Wednesday. Knoll, Inc. has a one year low of $16.57 and a one year high of $28.40. The firm has a market cap of $867.99 million, a P/E ratio of 12.36 and a beta of 0.98. The firm has a 50-day moving average price of $19.23 and a 200 day moving average price of $22.13.
Knoll (NYSE:KNL) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.08. Knoll had a net margin of 6.43% and a return on equity of 23.40%. The business had revenue of $268.70 million during the quarter, compared to analysts’ expectations of $284.65 million. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. On average, analysts forecast that Knoll, Inc. will post $1.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.35%. Knoll’s payout ratio is currently 41.38%.
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Several equities research analysts have weighed in on KNL shares. Zacks Investment Research raised Knoll from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, June 21st. ValuEngine downgraded Knoll from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
In other news, Director Benjamin A. Pardo sold 2,200 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $19.45, for a total value of $42,790.00. Following the transaction, the director now owns 23,773 shares in the company, valued at approximately $462,384.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.
Knoll Company Profile
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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