Westwood Holdings Group Inc. increased its position in Knoll Inc (NYSE:KNL) by 16.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,684,909 shares of the business services provider’s stock after purchasing an additional 240,005 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Knoll were worth $31,862,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its stake in Knoll by 383.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,484 shares of the business services provider’s stock valued at $272,000 after buying an additional 13,072 shares during the period. Dean Investment Associates LLC increased its position in Knoll by 30.5% during the fourth quarter. Dean Investment Associates LLC now owns 266,525 shares of the business services provider’s stock worth $4,392,000 after acquiring an additional 62,330 shares during the period. JPMorgan Chase & Co. boosted its stake in Knoll by 28.4% during the third quarter. JPMorgan Chase & Co. now owns 131,411 shares of the business services provider’s stock worth $3,082,000 after buying an additional 29,097 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Knoll by 6.3% in the 4th quarter. Two Sigma Advisers LP now owns 176,207 shares of the business services provider’s stock valued at $2,904,000 after purchasing an additional 10,371 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Knoll by 18.7% in the fourth quarter. LSV Asset Management now owns 861,544 shares of the business services provider’s stock valued at $14,198,000 after buying an additional 135,900 shares during the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.
In other Knoll news, EVP David L. Schutte sold 3,500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.61, for a total value of $75,635.00. Following the transaction, the executive vice president now owns 63,424 shares of the company’s stock, valued at $1,370,592.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew B. Cogan sold 2,774 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $21.06, for a total value of $58,420.44. Following the transaction, the chief executive officer now directly owns 533,018 shares in the company, valued at approximately $11,225,359.08. The disclosure for this sale can be found here. In the last three months, insiders sold 16,500 shares of company stock worth $350,335. Insiders own 1.60% of the company’s stock.
Knoll (NYSE:KNL) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Knoll had a return on equity of 24.17% and a net margin of 5.67%. The business had revenue of $332.80 million for the quarter, compared to analysts’ expectations of $312.20 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts anticipate that Knoll Inc will post 2.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.17 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.68 annualized dividend and a yield of 3.15%. This is a boost from Knoll’s previous quarterly dividend of $0.15. Knoll’s payout ratio is currently 32.43%.
Several research analysts have weighed in on KNL shares. ValuEngine cut Knoll from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Zacks Investment Research upgraded Knoll from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, May 1st. Finally, TheStreet upgraded Knoll from a “c+” rating to a “b” rating in a report on Friday, February 15th.
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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