Knowles Co. (NYSE:KN) Short Interest Update

Knowles Co. (NYSE:KN) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 2,270,000 shares, a growth of 40.1% from the September 15th total of 1,620,000 shares. Based on an average daily trading volume, of 643,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.6% of the company’s stock are short sold.

Knowles Trading Up 1.2 %

Shares of NYSE:KN opened at $17.87 on Tuesday. Knowles has a 12-month low of $12.78 and a 12-month high of $19.73. The company has a market cap of $1.60 billion, a PE ratio of 20.31 and a beta of 1.42. The stock has a 50 day moving average of $17.52 and a 200 day moving average of $17.27. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

Knowles (NYSE:KN) last posted its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The firm had revenue of $204.70 million during the quarter. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%.

Insider Buying and Selling at Knowles

In related news, CFO John S. Anderson sold 10,444 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the transaction, the chief financial officer now owns 211,200 shares in the company, valued at $3,907,200. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO John S. Anderson sold 10,444 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $193,214.00. Following the transaction, the chief financial officer now directly owns 211,200 shares of the company’s stock, valued at approximately $3,907,200. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith Barnes sold 6,725 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $17.88, for a total value of $120,243.00. Following the sale, the director now owns 86,192 shares in the company, valued at approximately $1,541,112.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,748 shares of company stock worth $530,948. 2.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Knowles

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC purchased a new position in shares of Knowles in the second quarter worth $30,000. Quarry LP purchased a new stake in Knowles in the 2nd quarter worth $39,000. GAMMA Investing LLC boosted its holdings in shares of Knowles by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 668 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Knowles during the second quarter valued at about $46,000. Finally, CWM LLC increased its holdings in shares of Knowles by 38.0% in the second quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 836 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on KN. StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Susquehanna lifted their price target on shares of Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th.

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).