QS Investors LLC trimmed its holdings in Knoll Inc (NYSE:KNL) by 93.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,775 shares of the business services provider’s stock after selling 155,250 shares during the quarter. QS Investors LLC’s holdings in Knoll were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of KNL. Menta Capital LLC acquired a new position in Knoll during the fourth quarter valued at approximately $396,000. Geode Capital Management LLC grew its holdings in Knoll by 16.3% during the fourth quarter. Geode Capital Management LLC now owns 608,904 shares of the business services provider’s stock valued at $10,034,000 after purchasing an additional 85,134 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Knoll by 1.1% during 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 last quarter. GSA Capital Partners LLP grew its holdings in Knoll by 74.7% during the fourth quarter. GSA Capital Partners LLP now owns 60,619 shares of the business services provider’s stock valued at $999,000 after purchasing an additional 25,928 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Knoll by 27.5% during the fourth quarter. Citigroup Inc. now owns 28,863 shares of the business services provider’s stock valued at $476,000 after purchasing an additional 6,223 shares during the last quarter. 91.67% of the stock is owned by institutional investors.
KNL opened at $18.87 on Monday. Knoll Inc has a 1-year low of $15.72 and a 1-year high of $24.29. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.22 and a quick ratio of 0.59. The company has a market capitalization of $939.01 million, a PE ratio of 10.20 and a beta of 1.31.
Knoll (NYSE:KNL) last posted its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. Knoll had a return on equity of 23.93% and a net margin of 5.62%. The company had revenue of $354.60 million during the quarter, compared to analysts’ expectations of $354.10 million. During the same period in the prior year, the business earned $0.36 earnings per share. Knoll’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that Knoll Inc will post 2.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 3.18%. Knoll’s dividend payout ratio is 32.43%.
KNL has been the topic of several analyst reports. TheStreet upgraded Knoll from a “c+” rating to a “b” rating in a report on Friday, February 15th. Sidoti reduced their price objective on Knoll from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 2nd. Zacks Investment Research raised Knoll from a “sell” rating to a “hold” rating in a research report on Friday, December 14th. Finally, ValuEngine raised Knoll from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.
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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