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

Knowles Co. (NYSE:KN) 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) 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.

About Knowles

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).