Knoll Inc (KNL) Shares Sold by Dean Capital Management

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Dean Capital Management reduced its stake in Knoll Inc (NYSE:KNL) by 27.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 65,920 shares of the business services provider’s stock after selling 25,460 shares during the quarter. Dean Capital Management owned 0.13% of Knoll worth $1,372,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Knoll by 5.9% in the 2nd quarter. BlackRock Inc. now owns 3,213,773 shares of the business services provider’s stock worth $66,879,000 after buying an additional 179,407 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in shares of Knoll by 0.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 3,178,481 shares of the business services provider’s stock worth $64,173,000 after buying an additional 17,602 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Knoll by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,119,876 shares of the business services provider’s stock worth $44,114,000 after buying an additional 9,166 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Knoll in the 1st quarter worth about $36,503,000. Finally, Voya Investment Management LLC boosted its holdings in shares of Knoll by 1.2% in the 2nd quarter. Voya Investment Management LLC now owns 1,674,532 shares of the business services provider’s stock worth $34,847,000 after buying an additional 20,664 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.

In related news, Director Kathleen G. Bradley sold 12,481 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $23.37, for a total value of $291,680.97. Following the sale, the director now directly owns 120,523 shares in the company, valued at approximately $2,816,622.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Roxanne B. Klein sold 1,835 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $22.90, for a total value of $42,021.50. Following the completion of the sale, the senior vice president now owns 16,592 shares in the company, valued at $379,956.80. The disclosure for this sale can be found here. Insiders sold a total of 44,835 shares of company stock worth $1,040,175 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

A number of brokerages recently weighed in on KNL. Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Saturday, August 4th. ValuEngine raised shares of Knoll from a “sell” rating to a “hold” rating in a report on Saturday, June 16th.

Shares of NYSE:KNL opened at $22.99 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. The stock has a market capitalization of $1.13 billion, a P/E ratio of 15.02 and a beta of 0.91. Knoll Inc has a fifty-two week low of $18.01 and a fifty-two week high of $24.00.

Knoll (NYSE:KNL) last issued its quarterly earnings results on Monday, July 30th. The business services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $323.40 million for the quarter, compared to the consensus estimate of $307.70 million. Knoll had a net margin of 6.54% and a return on equity of 20.90%. During the same period in the previous year, the firm earned $0.30 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. analysts expect that Knoll Inc will post 1.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, September 13th. Knoll’s dividend payout ratio is currently 43.48%.

Knoll 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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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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