Marshall Wace LLP Cuts Stock Holdings in Knoll Inc (NYSE:KNL)

Marshall Wace LLP trimmed its holdings in shares of Knoll Inc (NYSE:KNL) by 89.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,348 shares of the business services provider’s stock after selling 372,625 shares during the period. Marshall Wace LLP owned approximately 0.09% of Knoll worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Knoll by 28.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 131,411 shares of the business services provider’s stock valued at $3,082,000 after purchasing an additional 29,097 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Knoll by 26.3% during the fourth quarter. Rhumbline Advisers now owns 97,180 shares of the business services provider’s stock worth $1,602,000 after acquiring an additional 20,237 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Knoll by 9.1% during the fourth quarter. Victory Capital Management Inc. now owns 57,549 shares of the business services provider’s stock worth $948,000 after acquiring an additional 4,803 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Knoll by 11.5% during the fourth quarter. Prudential Financial Inc. now owns 183,367 shares of the business services provider’s stock worth $3,022,000 after acquiring an additional 18,917 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Knoll by 1.8% during the fourth quarter. California Public Employees Retirement System now owns 95,501 shares of the business services provider’s stock worth $1,574,000 after acquiring an additional 1,702 shares during the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

In other Knoll news, CEO Andrew B. Cogan sold 2,774 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $21.06, for a total transaction of $58,420.44. Following the completion of the transaction, the chief executive officer now owns 533,018 shares in the company, valued at $11,225,359.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David L. Schutte sold 3,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $21.61, for a total transaction of $75,635.00. Following the transaction, the executive vice president now owns 63,424 shares of the company’s stock, valued at approximately $1,370,592.64. The disclosure for this sale can be found here. Insiders have sold 16,500 shares of company stock valued at $350,335 in the last quarter. 1.60% of the stock is owned by company insiders.

Shares of NYSE:KNL traded down $0.38 during midday trading on Friday, reaching $22.90. 199,440 shares of the company were exchanged, compared to its average volume of 251,916. The company has a current ratio of 1.18, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The company’s fifty day moving average is $22.07. Knoll Inc has a one year low of $15.72 and a one year high of $24.29. The firm has a market capitalization of $1.14 billion, a PE ratio of 12.38 and a beta of 1.45.

Knoll (NYSE:KNL) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Knoll had a net margin of 5.67% and a return on equity of 24.17%. The firm had revenue of $332.80 million during the quarter, compared to analyst estimates of $312.20 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Knoll’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Knoll Inc will post 2.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.68 annualized dividend and a yield of 2.97%. This is a positive change from Knoll’s previous quarterly dividend of $0.15. Knoll’s dividend payout ratio (DPR) is 36.76%.

KNL has been the subject of a number of research reports. Zacks Investment Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. ValuEngine lowered shares of W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th.

Knoll Company Profile

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments.

See Also: Net Income

Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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