Silvercrest Asset Management Group buys $84,121,186 stake in Knoll Inc (KNL)

Knoll Inc (KNL) : Silvercrest Asset Management Group scooped up 279,057 additional shares in Knoll Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,315,774 shares of Knoll Inc which is valued at $84,121,186.Knoll Inc makes up approximately 1.02% of Silvercrest Asset Management Group’s portfolio.

Other Hedge Funds, Including , Hillcrest Asset Management reduced its stake in KNL by selling 1,312 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 362,094 shares of KNL which is valued at $9,186,325. Knoll Inc makes up approx 2.20% of Hillcrest Asset Management’s portfolio. Stevens Capital Management Lp added KNL to its portfolio by purchasing 9,949 company shares during the most recent quarter which is valued at $252,406. Knoll Inc makes up approx 0.01% of Stevens Capital Management Lp’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in KNL by selling 3,150 shares or 10.32% in the most recent quarter. The Hedge Fund company now holds 27,365 shares of KNL which is valued at $695,071. Knoll Inc makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.Palisade Capital Managementnj boosted its stake in KNL in the latest quarter, The investment management firm added 11,883 additional shares and now holds a total of 196,831 shares of Knoll Inc which is valued at $4,973,919. Knoll Inc makes up approx 0.21% of Palisade Capital Managementnj’s portfolio.

Knoll Inc opened for trading at $26.19 and hit $26.46 on the upside on Wednesday, eventually ending the session at $26.35, with a gain of 0.65% or 0.17 points. The heightened volatility saw the trading volume jump to 471,872 shares. Company has a market cap of $1,294 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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