California Public Employees Retirement System Purchases 1,702 Shares of Knoll Inc (NYSE:KNL)

California Public Employees Retirement System boosted its position in Knoll Inc (NYSE:KNL) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,501 shares of the business services provider’s stock after acquiring an additional 1,702 shares during the period. California Public Employees Retirement System owned 0.19% of Knoll worth $1,574,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Knoll by 56.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,625 shares of the business services provider’s stock valued at $60,000 after buying an additional 1,301 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Knoll during the 4th quarter worth approximately $131,000. Lido Advisors LLC acquired a new position in shares of Knoll during the 3rd quarter worth approximately $201,000. Trexquant Investment LP acquired a new position in shares of Knoll during the 3rd quarter worth approximately $206,000. Finally, Investors Research Corp increased its position in shares of Knoll by 4.9% during the 4th quarter. Investors Research Corp now owns 10,650 shares of the business services provider’s stock worth $176,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

KNL traded up $0.06 during trading on Friday, hitting $20.30. The stock had a trading volume of 194,207 shares, compared to its average volume of 224,392. The company has a market capitalization of $1.01 billion, a PE ratio of 10.97 and a beta of 1.29. Knoll Inc has a one year low of $15.72 and a one year high of $24.29. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.22 and a quick ratio of 0.59.

Knoll (NYSE:KNL) last released its earnings results on Wednesday, February 6th. The business services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $354.60 million during the quarter, compared to the consensus estimate of $354.10 million. Knoll had a return on equity of 23.93% and a net margin of 5.62%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. Equities analysts anticipate that Knoll Inc will post 2.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.96%. Knoll’s dividend payout ratio (DPR) is currently 32.43%.

Several brokerages have recently commented on KNL. ValuEngine downgraded Knoll from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. TheStreet upgraded Knoll from a “c+” rating to a “b” rating in a research note on Friday, February 15th. Sidoti reduced their target price on Knoll from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded Knoll from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th.

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Knoll 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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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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