Dumont & Blake Investment Advisors LLC Buys 2,580 Shares of Knoll, Inc. (KNL)

Dumont & Blake Investment Advisors LLC raised its stake in shares of Knoll, Inc. (NYSE:KNL) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,590 shares of the business services provider’s stock after purchasing an additional 2,580 shares during the quarter. Dumont & Blake Investment Advisors LLC owned 0.07% of Knoll worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of Knoll by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 34,248 shares of the business services provider’s stock worth $685,000 after acquiring an additional 12,097 shares in the last quarter. First Manhattan Co. acquired a new position in shares of Knoll in the 3rd quarter worth approximately $534,000. First Trust Advisors LP boosted its holdings in shares of Knoll by 67.7% in the 3rd quarter. First Trust Advisors LP now owns 87,554 shares of the business services provider’s stock worth $1,751,000 after acquiring an additional 35,351 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Knoll by 56.4% in the 3rd quarter. Nationwide Fund Advisors now owns 42,306 shares of the business services provider’s stock worth $846,000 after acquiring an additional 15,260 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of Knoll by 363.6% in the 3rd quarter. Strs Ohio now owns 40,800 shares of the business services provider’s stock worth $816,000 after acquiring an additional 32,000 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.

KNL has been the topic of several recent analyst reports. Zacks Investment Research downgraded Knoll from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. TheStreet downgraded Knoll from a “b-” rating to a “c+” rating in a report on Thursday, September 7th. Sidoti initiated coverage on Knoll in a report on Wednesday, August 16th. They issued a “buy” rating and a $28.00 target price on the stock. UBS AG raised Knoll from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. Finally, Raymond James Financial, Inc. upgraded shares of Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.00.

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Knoll (NYSE:KNL) last issued its earnings results on Monday, October 23rd. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Knoll had a net margin of 6.21% and a return on equity of 22.41%. The firm had revenue of $291.26 million for the quarter, compared to analyst estimates of $277.40 million. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis.

Knoll Company Profile

Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.

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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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