Nationwide Fund Advisors reduced its position in shares of Knoll Inc. (NYSE:KNL) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 31,304 shares of the company’s stock after selling 384 shares during the period. Nationwide Fund Advisors owned approximately 0.07% of Knoll worth $760,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in KNL. New York State Teachers Retirement System bought a new stake in Knoll during the second quarter valued at approximately $102,000. BlackRock Japan Co. Ltd increased its stake in Knoll by 41.4% in the first quarter. BlackRock Japan Co. Ltd now owns 6,523 shares of the company’s stock valued at $141,000 after buying an additional 1,910 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Knoll during the second quarter valued at approximately $203,000. Fox Run Management L.L.C. bought a new stake in Knoll during the second quarter valued at approximately $206,000. Finally, AMP Capital Investors Ltd bought a new stake in Knoll during the first quarter valued at approximately $290,000. 92.37% of the stock is owned by hedge funds and other institutional investors.
Knoll Inc. (NYSE:KNL) opened at 21.61 on Friday. The stock’s 50 day moving average price is $22.41 and its 200-day moving average price is $23.95. Knoll Inc. has a 52 week low of $16.42 and a 52 week high of $26.76. The stock has a market capitalization of $1.04 billion, a P/E ratio of 14.21 and a beta of 1.07.
Knoll (NYSE:KNL) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The company earned $292.10 million during the quarter, compared to the consensus estimate of $274.90 million. Knoll had a return on equity of 30.31% and a net margin of 6.25%. Knoll’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Equities research analysts expect that Knoll Inc. will post $1.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.78%. The ex-dividend date was Tuesday, September 13th. Knoll’s payout ratio is 39.47%.
Several analysts have commented on KNL shares. Raymond James Financial Inc. downgraded Knoll from an “outperform” rating to a “market perform” rating in a research note on Friday, September 30th. Zacks Investment Research downgraded Knoll from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.
In other news, Director Stephen F. Fisher sold 5,020 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $25.86, for a total transaction of $129,817.20. Following the sale, the director now owns 42,594 shares in the company, valued at $1,101,480.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah E. Nash sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $25.26, for a total value of $631,500.00. Following the sale, the director now owns 57,805 shares in the company, valued at approximately $1,460,154.30. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Knoll, Inc is a designer and manufacturer of furnishings, textiles and leather for the workplace and home. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of its North American Office products.