Andrew B. Cogan Sells 8,317 Shares of Knoll Inc (NYSE:KNL) Stock

Knoll Inc (NYSE:KNL) CEO Andrew B. Cogan sold 8,317 shares of Knoll stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.50, for a total transaction of $228,717.50. Following the transaction, the chief executive officer now owns 417,595 shares in the company, valued at approximately $11,483,862.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NYSE:KNL traded up $0.28 during midday trading on Friday, hitting $27.45. 172,898 shares of the company’s stock traded hands, compared to its average volume of 251,082. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 1.15. The company has a market cap of $1.34 billion, a PE ratio of 14.84 and a beta of 1.42. The firm’s fifty day moving average price is $25.52 and its two-hundred day moving average price is $23.13. Knoll Inc has a twelve month low of $15.72 and a twelve month high of $27.84.

Knoll (NYSE:KNL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The business had revenue of $356.50 million for the quarter, compared to analyst estimates of $352.77 million. Knoll had a net margin of 5.79% and a return on equity of 25.03%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. As a group, equities research analysts anticipate that Knoll Inc will post 2.1 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Systematic Financial Management LP increased its stake in Knoll by 3.4% during the 3rd quarter. Systematic Financial Management LP now owns 507,103 shares of the business services provider’s stock worth $12,855,000 after buying an additional 16,861 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Knoll by 12.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 39,113 shares of the business services provider’s stock worth $992,000 after buying an additional 4,365 shares during the period. Boston Advisors LLC purchased a new stake in Knoll during the 3rd quarter worth $1,737,000. Alps Advisors Inc. purchased a new stake in Knoll during the 3rd quarter worth $364,000. Finally, Mackay Shields LLC increased its stake in Knoll by 429.6% during the 3rd quarter. Mackay Shields LLC now owns 128,700 shares of the business services provider’s stock worth $3,263,000 after buying an additional 104,400 shares during the period. 90.37% of the stock is currently owned by hedge funds and other institutional investors.

KNL has been the topic of several recent research reports. ValuEngine upgraded shares of Knoll from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Raymond James lowered shares of Knoll from a “strong-buy” rating to an “outperform” rating and set a $28.00 target price on the stock. in a report on Monday, October 7th. Finally, Zacks Investment Research upgraded shares of Knoll from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.33.

About Knoll

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.

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