Knowles Co. (NYSE:KN) CEO Jeffrey Niew Sells 157,699 Shares

by · The Cerbat Gem

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

Knowles Price Performance

Shares of KN stock traded down $0.18 during mid-day trading on Thursday, hitting $19.17. The company had a trading volume of 565,440 shares, compared to its average volume of 576,257. Knowles Co. has a 52-week low of $14.97 and a 52-week high of $19.73. The stock’s 50 day moving average price is $17.56 and its 200-day moving average price is $17.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.35 and a quick ratio of 1.67. The company has a market capitalization of $1.69 billion, a P/E ratio of -8.27 and a beta of 1.42.

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

Institutional Investors Weigh In On Knowles

Hedge funds have recently bought and sold shares of the business. Quest Partners LLC bought a new position in shares of Knowles in the second quarter worth about $30,000. Blue Trust Inc. grew its holdings in Knowles by 114.6% during the 3rd quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 1,069 shares in the last quarter. Quarry LP bought a new position in Knowles during the 2nd quarter worth about $39,000. GAMMA Investing LLC grew its holdings in Knowles by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 668 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Knowles in the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KN. StockNews.com cut shares of Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Susquehanna decreased their price objective on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research report on Wednesday, October 16th.

Check Out Our Latest Stock Analysis on KN

About Knowles

(Get Free Report)

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).

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