Knoll, Inc. (NYSE:KNL) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 685,400 shares, a growth of 24.5% from the March 31st total of 550,500 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 930,300 shares, the days-to-cover ratio is currently 0.7 days.
In other news, major shareholder Furniture Holdings S.A Global sold 352,149 shares of the stock in a transaction that occurred on Wednesday, April 21st. The stock was sold at an average price of $23.28, for a total transaction of $8,198,028.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 1,872,916 shares of company stock worth $43,968,438 over the last quarter. Insiders own 1.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Knoll by 58.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,269 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 2,689 shares during the period. SG Americas Securities LLC acquired a new position in shares of Knoll during the 4th quarter valued at $114,000. ProShare Advisors LLC acquired a new position in shares of Knoll during the 4th quarter valued at $163,000. Greenwich Wealth Management LLC acquired a new position in shares of Knoll during the 4th quarter valued at $163,000. Finally, Verity Asset Management Inc. acquired a new position in shares of Knoll during the 4th quarter valued at $176,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.
Knoll (NYSE:KNL) last posted its earnings results on Wednesday, April 28th. The business services provider reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Knoll had a return on equity of 16.36% and a net margin of 1.44%.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 15th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, March 12th.
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.
Further Reading: After-Hours Trading
Receive News & Ratings for Knoll Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knoll and related companies with MarketBeat.com's FREE daily email newsletter.