The Knoll Inc. (KNL) Position Reduced by Citadel Advisors LLC

The Knoll Inc. (KNL) Position Reduced by Citadel Advisors LLC

Citadel Advisors LLC cut its position in Knoll Inc. (NYSE:KNL) by 61.9% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 83,507 shares of the company’s stock after selling 135,596 shares during the period. Citadel Advisors LLC’s holdings in Knoll were worth $1,909,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ranger Investment Management L.P. boosted its position in Knoll by 442.5% in the second quarter. Ranger Investment Management L.P. now owns 891,615 shares of the company’s stock worth $21,648,000 after buying an additional 727,253 shares during the last quarter. Victory Capital Management Inc. boosted its position in Knoll by 3,225.6% in the third quarter. Victory Capital Management Inc. now owns 642,509 shares of the company’s stock worth $14,680,000 after buying an additional 623,189 shares during the last quarter. Numeric Investors LLC acquired a new position in Knoll during the second quarter worth $11,641,000. Vanguard Group Inc. boosted its position in Knoll by 9.1% in the second quarter. Vanguard Group Inc. now owns 3,764,605 shares of the company’s stock worth $91,405,000 after buying an additional 312,445 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Knoll by 41.2% in the third quarter. Schroder Investment Management Group now owns 1,010,500 shares of the company’s stock worth $23,089,000 after buying an additional 294,600 shares during the last quarter. 90.75% of the stock is owned by institutional investors.

Shares of Knoll Inc. (NYSE:KNL) traded down 2.29% during trading on Thursday, hitting $26.49. The company’s stock had a trading volume of 209,023 shares. Knoll Inc. has a one year low of $16.89 and a one year high of $28.40. The company has a 50-day moving average price of $27.39 and a 200-day moving average price of $24.92. The stock has a market cap of $1.27 billion, a PE ratio of 17.42 and a beta of 1.19.

Knoll (NYSE:KNL) last posted its earnings results on Thursday, October 20th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Knoll had a return on equity of 29.45% and a net margin of 6.25%. The business had revenue of $292.10 million for the quarter, compared to analysts’ expectations of $274.90 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Equities analysts predict that Knoll Inc. will post $1.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Wednesday, December 14th. Knoll’s dividend payout ratio (DPR) is currently 39.47%.

KNL has been the subject of a number of analyst reports. Raymond James Financial Inc. cut Knoll from an “outperform” rating to a “market perform” rating in a report on Friday, September 30th. Seaport Global Securities initiated coverage on Knoll in a report on Friday, November 4th. They issued a “buy” rating and a $27.00 price target for the company. Finally, Zacks Investment Research cut Knoll from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th.

In related news, Director Benjamin A. Pardo sold 2,850 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $21.53, for a total transaction of $61,360.50. Following the transaction, the director now owns 21,575 shares of the company’s stock, valued at $464,509.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

Knoll Company Profile

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.

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