Knowles Co. (NYSE:KN) CEO Sells $2,993,127.02 in Stock

Knowles Co. (NYSE:KN) CEO Jeffrey Niew sold 157,699 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $18.98, for a total transaction of $2,993,127.02. Following the sale, the chief executive officer now directly owns 820,698 shares in the company, valued at $15,576,848.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Knowles Trading Down 0.9 %

NYSE:KN traded down $0.18 on Thursday, reaching $19.17. 565,440 shares of the company’s stock were exchanged, compared to its average volume of 576,257. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -8.27 and a beta of 1.42. The business has a fifty day moving average of $17.56 and a 200-day moving average of $17.49. Knowles Co. has a 52-week low of $14.97 and a 52-week high of $19.73.

Knowles (NYSE:KN) last issued its quarterly earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Knowles had a negative net margin of 27.53% and a positive return on equity of 5.16%. The company had revenue of $142.50 million for the quarter, compared to analyst estimates of $140.97 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 31.8% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna reduced their price target on Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Finally, Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a report on Wednesday, October 16th.

Hedge Funds Weigh In On Knowles

A number of institutional investors and hedge funds have recently made changes to their positions in KN. Quest Partners LLC acquired a new position in shares of Knowles during the second quarter worth about $30,000. Blue Trust Inc. grew its position in shares of Knowles by 114.6% during the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock worth $35,000 after buying an additional 1,069 shares in the last quarter. Quarry LP acquired a new position in shares of Knowles during the second quarter worth about $39,000. GAMMA Investing LLC grew its position in shares of Knowles by 37.6% during the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 668 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Knowles during the second quarter worth about $46,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).