Algert Global buys $2,600,303 stake in Knoll Inc (KNL)

Knoll Inc (KNL) : Algert Global scooped up 51,247 additional shares in Knoll Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 124,655 shares of Knoll Inc which is valued at $2,600,303.Knoll Inc makes up approximately 0.76% of Algert Global’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in KNL in the latest quarter, The investment management firm added 1,604 additional shares and now holds a total of 11,526 shares of Knoll Inc which is valued at $240,432. First Mercantile Trust Co sold out all of its stake in KNL during the most recent quarter. The investment firm sold 4,150 shares of KNL which is valued $89,433. Simplex Trading sold out all of its stake in KNL during the most recent quarter. The investment firm sold 118 shares of KNL which is valued $2,543. Eqis Capital Management sold out all of its stake in KNL during the most recent quarter. The investment firm sold 8,377 shares of KNL which is valued $184,294.

Knoll Inc closed down -0.6 points or -2.80% at $20.86 with 2,65,652 shares getting traded on Tuesday. Post opening the session at $21.35, the shares hit an intraday low of $20.78 and an intraday high of $21.41 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Knoll Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.42. The company had revenue of $294.70 million for the quarter, compared to analysts expectations of $286.95 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Knoll Inc. Knoll Inc was Downgraded by Raymond James to ” Mkt Perform” on Sep 30, 2016.

Knoll Inc. is a designer and manufacturer of furnishings textiles and leather for the workplace and home. The Company operates through three segments: Office Studio and Coverings. The Office segment includes systems seating storage tables desks and KnollExtra ergonomic accessories as well as the international sales of its North American Office products. The Company’s Studio segment includes its KnollStudio division the Company’s European subsidiaries which primarily sell KnollStudio products Richard Schultz Design and as of February 3 2014 Holly Hunt Enterprises Inc. The Coverings segment includes KnollTextiles Spinneybeck (including Filzfelt) and Edelman Leather. The Company offers its portfolio of furniture textiles and leathers across five product categories: office systems; office seating; files and storage; desks casegoods and tables and specialty products. The Company markets its products under the Knoll and HOLLY HUNT brands.

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