Schwab Charles Investment Management Inc. Purchases 31,222 Shares of Knoll Inc (KNL)

Schwab Charles Investment Management Inc. grew its position in shares of Knoll Inc (NYSE:KNL) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 322,711 shares of the business services provider’s stock after buying an additional 31,222 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Knoll were worth $7,436,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Stoneridge Investment Partners LLC bought a new position in Knoll during the 3rd quarter worth $301,000. SG Americas Securities LLC increased its position in Knoll by 63.6% during the 3rd quarter. SG Americas Securities LLC now owns 15,832 shares of the business services provider’s stock worth $317,000 after buying an additional 6,156 shares during the period. Highbridge Capital Management LLC increased its position in Knoll by 45.1% during the 3rd quarter. Highbridge Capital Management LLC now owns 24,538 shares of the business services provider’s stock worth $491,000 after buying an additional 7,622 shares during the period. GSA Capital Partners LLP bought a new position in Knoll during the 3rd quarter worth $683,000. Finally, Victory Capital Management Inc. increased its position in Knoll by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 34,248 shares of the business services provider’s stock worth $685,000 after buying an additional 12,097 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

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Knoll Inc (KNL) opened at $22.39 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.25 and a quick ratio of 0.60. Knoll Inc has a 12-month low of $16.57 and a 12-month high of $24.47. The company has a market capitalization of $1,092.97, a price-to-earnings ratio of 16.36 and a beta of 1.02.

Knoll (NYSE:KNL) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). Knoll had a return on equity of 19.97% and a net margin of 7.08%. The company had revenue of $316.10 million during the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. analysts expect that Knoll Inc will post 1.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Wednesday, March 14th. Knoll’s payout ratio is currently 36.81%.

In related news, EVP David L. Schutte sold 2,358 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $21.57, for a total value of $50,862.06. Following the transaction, the executive vice president now owns 58,735 shares in the company, valued at $1,266,913.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company insiders.

KNL has been the topic of several recent research reports. Raymond James Financial upgraded Knoll from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $23.00 to $26.00 in a research report on Tuesday, December 26th. Zacks Investment Research cut Knoll from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. TheStreet upgraded Knoll from a “c+” rating to a “b-” rating in a research report on Friday, November 17th. Finally, ValuEngine cut Knoll from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.00.

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Knoll Profile

Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.

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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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