Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Knoll Inc (KNL): Hedge Funds Are Bullish and Insiders Are Undecided, What Should You Do?

Page 1 of 2

What’s a smart Knoll Inc (NYSE:KNL) investor to do?

In the financial world, there are many methods investors can use to monitor the equity markets. A duo of the most useful are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite investment managers can beat the S&P 500 by a superb margin (see just how much).

Equally as key, bullish insider trading sentiment is a second way to look at the marketplace. There are many stimuli for an upper level exec to downsize shares of his or her company, but only one, very clear reason why they would behave bullishly. Several empirical studies have demonstrated the market-beating potential of this method if you know what to do (learn more here).

Furthermore, it’s important to examine the latest info for Knoll Inc (NYSE:KNL).

How have hedgies been trading Knoll Inc (NYSE:KNL)?

At Q2’s end, a total of 11 of the hedge funds we track held long positions in this stock, a change of 22% from the previous quarter. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their stakes meaningfully.

Knoll Inc (NYSE:KNL)According to our 13F database, Phill Gross and Robert Atchinson’s Adage Capital Management had the biggest position in Knoll Inc (NYSE:KNL), worth close to $27 million, accounting for 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is Daruma Asset Management, managed by Mariko Gordon, which held a $17.1 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Other peers that hold long positions include Ken Griffin’s Citadel Investment Group, Joel Greenblatt’s Gotham Asset Management and D. E. Shaw’s D E Shaw.

Consequently, specific money managers were breaking ground themselves. Adage Capital Management, managed by Phill Gross and Robert Atchinson, established the most outsized position in Knoll Inc (NYSE:KNL). Adage Capital Management had 27 million invested in the company at the end of the quarter. Mariko Gordon’s Daruma Asset Management also made a $17.1 million investment in the stock during the quarter. The other funds with brand new KNL positions are Ken Griffin’s Citadel Investment Group, Joel Greenblatt’s Gotham Asset Management, and D. E. Shaw’s D E Shaw.

Insider trading activity in Knoll Inc (NYSE:KNL)

Insider buying made by high-level executives is best served when the company in question has experienced transactions within the past half-year. Over the latest 180-day time period, Knoll Inc (NYSE:KNL) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Knoll Inc (NYSE:KNL). These stocks are Pitney Bowes Inc. (NYSE:PBI), VeriFone Systems Inc (NYSE:PAY), Steelcase Inc. (NYSE:SCS), Herman Miller, Inc. (NASDAQ:MLHR), and HNI Corp (NYSE:HNI). This group of stocks belong to the business equipment industry and their market caps are similar to KNL’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!