Zebra Capital Management LLC Has $793,000 Stock Holdings in Knoll Inc (NYSE:KNL)

Zebra Capital Management LLC lessened its holdings in shares of Knoll Inc (NYSE:KNL) by 28.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 34,499 shares of the business services provider’s stock after selling 13,475 shares during the period. Zebra Capital Management LLC owned approximately 0.07% of Knoll worth $793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss National Bank lifted its position in shares of Knoll by 2.8% during the 2nd quarter. Swiss National Bank now owns 92,500 shares of the business services provider’s stock worth $2,126,000 after purchasing an additional 2,500 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Knoll by 16.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,684,909 shares of the business services provider’s stock worth $31,862,000 after purchasing an additional 240,005 shares during the last quarter. Roosevelt Investment Group Inc. lifted its position in shares of Knoll by 61.2% during the 1st quarter. Roosevelt Investment Group Inc. now owns 24,625 shares of the business services provider’s stock worth $466,000 after purchasing an additional 9,349 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Knoll during the 2nd quarter worth about $213,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Knoll by 67.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 495,781 shares of the business services provider’s stock worth $11,085,000 after purchasing an additional 198,873 shares during the last quarter. 90.61% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE KNL traded down $0.56 during trading hours on Wednesday, hitting $24.83. 6,959 shares of the company’s stock were exchanged, compared to its average volume of 167,344. Knoll Inc has a 1-year low of $15.72 and a 1-year high of $25.89. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.53. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 13.39 and a beta of 1.44. The company’s 50-day moving average price is $23.42 and its 200-day moving average price is $21.66.

Knoll (NYSE:KNL) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Knoll had a return on equity of 24.27% and a net margin of 6.11%. The business had revenue of $367.30 million during the quarter, compared to analysts’ expectations of $339.13 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, research analysts expect that Knoll Inc will post 2.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.17 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 2.74%. Knoll’s dividend payout ratio (DPR) is 36.76%.

Separately, Zacks Investment Research raised Knoll from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, July 30th.

In other Knoll news, Chairman Andrew B. Cogan sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $23.28, for a total value of $232,800.00. Following the completion of the transaction, the chairman now owns 518,713 shares of the company’s stock, valued at approximately $12,075,638.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David L. Schutte sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the transaction, the executive vice president now directly owns 58,424 shares of the company’s stock, valued at approximately $1,451,252.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,305 shares of company stock valued at $464,625. Insiders own 1.60% of the company’s stock.

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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