Knoll Inc (NYSE:KNL) Director Kathleen G. Bradley sold 12,481 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $23.37, for a total value of $291,680.97. Following the completion of the transaction, the director now owns 120,523 shares in the company, valued at approximately $2,816,622.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of KNL opened at $23.42 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 1.28. Knoll Inc has a 1 year low of $17.56 and a 1 year high of $24.00. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 15.41 and a beta of 0.91.
Knoll (NYSE:KNL) last issued its earnings results on Monday, July 30th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. Knoll had a return on equity of 20.90% and a net margin of 6.54%. The firm had revenue of $323.40 million for the quarter, compared to analysts’ expectations of $307.70 million. During the same quarter last year, the business earned $0.30 earnings per share. The company’s revenue was up 20.4% compared to the same quarter last year. equities analysts predict that Knoll Inc will post 1.8 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, September 13th. Knoll’s dividend payout ratio (DPR) is currently 43.48%.
A number of institutional investors and hedge funds have recently modified their holdings of KNL. Citigroup Inc. lifted its holdings in shares of Knoll by 118.9% during the 1st quarter. Citigroup Inc. now owns 25,127 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 13,648 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of Knoll by 16.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock valued at $416,000 after purchasing an additional 2,801 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Knoll by 5.3% during the 1st quarter. Wells Fargo & Company MN now owns 830,227 shares of the business services provider’s stock valued at $16,762,000 after purchasing an additional 41,717 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Knoll by 12.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 361,554 shares of the business services provider’s stock valued at $7,300,000 after purchasing an additional 38,843 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Knoll during the 2nd quarter valued at about $1,700,000. Hedge funds and other institutional investors own 89.72% of the company’s stock.
Several research firms recently issued reports on KNL. Zacks Investment Research cut Knoll from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine upgraded Knoll from a “sell” rating to a “hold” rating in a report on Saturday, June 16th.
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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