Neumeier Poma Investment Counsel buys $24,531,648 stake in Knoll Inc (KNL)

Knoll Inc (KNL) : Neumeier Poma Investment Counsel scooped up 37,400 additional shares in Knoll Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 966,955 shares of Knoll Inc which is valued at $24,531,648.Knoll Inc makes up approximately 3.68% of Neumeier Poma Investment Counsel’s portfolio.

Other Hedge Funds, Including , Columbia Partners L L C Investment Management added KNL to its portfolio by purchasing 106,246 company shares during the most recent quarter which is valued at $2,695,461. Knoll Inc makes up approx 0.19% of Columbia Partners L L C Investment Management’s portfolio.Lsv Asset Management boosted its stake in KNL in the latest quarter, The investment management firm added 80,100 additional shares and now holds a total of 91,800 shares of Knoll Inc which is valued at $2,333,556.State Board Of Administration Of Florida Retirement System boosted its stake in KNL in the latest quarter, The investment management firm added 2,387 additional shares and now holds a total of 49,878 shares of Knoll Inc which is valued at $1,267,899.

Knoll Inc opened for trading at $25.79 and hit $25.99 on the upside on Tuesday, eventually ending the session at $25.94, with a gain of 1.05% or 0.27 points. The heightened volatility saw the trading volume jump to 1,48,610 shares. Company has a market cap of $1,274 M.

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.

Investors should note that on Aug 3, 2016, Knoll Inc announced a cash dividend of $0.1500. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed 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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