Insider Selling: Knowles Co. (NYSE:KN) Director Sells 6,725 Shares of Stock

Knowles Co. (NYSE:KN) Director Keith Barnes sold 6,725 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the sale, the director now directly owns 86,192 shares in the company, valued at approximately $1,541,112.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Knowles Stock Up 2.2 %

Shares of NYSE KN opened at $17.68 on Thursday. The business has a fifty day moving average of $17.59 and a two-hundred day moving average of $17.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 2.36. Knowles Co. has a 52-week low of $12.78 and a 52-week high of $19.73. The stock has a market cap of $1.59 billion, a PE ratio of 20.09 and a beta of 1.42.

Knowles (NYSE:KN) last released its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS 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 negative net margin of 24.36% and a positive return on equity of 5.39%.

Wall Street Analysts Forecast Growth

Separately, Susquehanna increased their target price on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th.

Institutional Investors Weigh In On Knowles

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC grew its holdings in Knowles by 4.8% during the 2nd quarter. Hsbc Holdings PLC now owns 14,489 shares of the communications equipment provider’s stock worth $248,000 after acquiring an additional 661 shares during the last quarter. CWM LLC grew its stake in shares of Knowles by 38.0% during the second quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 836 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Knowles by 4.5% in the first quarter. Inspire Investing LLC now owns 22,359 shares of the communications equipment provider’s stock valued at $360,000 after purchasing an additional 973 shares in the last quarter. ProShare Advisors LLC raised its position in Knowles by 6.1% in the 1st quarter. ProShare Advisors LLC now owns 17,914 shares of the communications equipment provider’s stock worth $288,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Knowles by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the communications equipment provider’s stock worth $780,000 after buying an additional 1,100 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

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).