Is Knoll Inc (KNL) A Good Stock to Buy?

Judging by the fact that Knoll Inc (NYSE:KNL) has gone through a decline in interest from the entirety of the hedge funds we track, it’s safe to say that there were a few funds who were dropping their entire stakes by the end of the third quarter. Interestingly, Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital cashed in the largest investment of all the hedgies studied by Insider Monkey, comprising close to $10.9 million in stock, and Paul Marshall and Ian Wace’s Marshall Wace LLP was right behind this move, as the fund cut about $3.3 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to Knoll Inc (NYSE:KNL). We will take a look at Frontline Ltd (NYSE:FRO), Quotient Technology Inc(NYSE:QUOT), Trade Desk Inc (NASDAQ:TTD), and Multi Packaging Solutions Intrntnl Ltd (NYSE:MPSX). This group of stocks’ market caps match KNL’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $24 million. That figure was $48 million in KNL’s case. Quotient Technology Inc(NYSE:QUOT) is the most popular stock in this table. On the other hand Frontline Ltd (NYSE:FRO) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Knoll Inc (NYSE:KNL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None