Globeflex Capital L P cut its holdings in Knoll Inc (NYSE:KNL) by 26.3% during the 3rd quarter, Holdings Channel reports. The firm owned 32,927 shares of the business services provider’s stock after selling 11,728 shares during the period. Globeflex Capital L P’s holdings in Knoll were worth $772,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of KNL. Sun Life Financial INC bought a new stake in shares of Knoll in the second quarter worth about $143,000. Engineers Gate Manager LP bought a new stake in shares of Knoll in the second quarter worth about $269,000. Xact Kapitalforvaltning AB grew its stake in shares of Knoll by 36.0% in the second quarter. Xact Kapitalforvaltning AB now owns 15,481 shares of the business services provider’s stock worth $322,000 after purchasing an additional 4,100 shares during the last quarter. Emerald Advisers Inc. PA bought a new stake in shares of Knoll in the third quarter worth about $387,000. Finally, Greenwich Wealth Management LLC grew its stake in shares of Knoll by 16.3% in the second quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock worth $416,000 after purchasing an additional 2,801 shares during the last quarter. 91.06% of the stock is currently owned by institutional investors.
NYSE KNL opened at $19.08 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $942.91 million, a P/E ratio of 13.83 and a beta of 1.07. Knoll Inc has a 1 year low of $18.63 and a 1 year high of $24.29.
KNL has been the topic of several recent analyst reports. Zacks Investment Research cut Knoll from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. ValuEngine cut Knoll from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th.
In other news, Director John F. Maypole acquired 1,500 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were acquired at an average cost of $20.01 per share, with a total value of $30,015.00. Following the transaction, the director now owns 27,622 shares in the company, valued at approximately $552,716.22. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kathleen G. Bradley sold 12,481 shares of Knoll stock in a transaction that occurred on Tuesday, September 4th. The shares were 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 $2,816,622.51. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Knoll Company 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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