Knowles Co. (NYSE:KN) CFO John S. Anderson Sells 10,444 Shares

Knowles Co. (NYSE:KN) CFO John S. Anderson sold 10,444 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 211,200 shares in the company, valued at $3,907,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Knowles Price Performance

KN stock opened at $18.33 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.55 and a current ratio of 2.36. The business has a 50-day simple moving average of $17.72 and a two-hundred day simple moving average of $16.93. The company has a market capitalization of $1.65 billion, a P/E ratio of 20.83 and a beta of 1.42. Knowles Co. has a 52-week low of $12.78 and a 52-week high of $19.73.

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

Analyst Ratings Changes

Separately, Susquehanna raised their price objective on shares of Knowles from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th.

Institutional Trading of Knowles

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Knowles in the fourth quarter valued at approximately $25,000. Quest Partners LLC purchased a new position in Knowles in the second quarter worth $30,000. Quarry LP bought a new position in Knowles in the 2nd quarter valued at $39,000. Parallel Advisors LLC increased its position in shares of Knowles by 217.0% during the 4th quarter. Parallel Advisors LLC now owns 2,311 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 1,582 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Knowles during the 2nd quarter worth $46,000. Institutional investors own 96.35% of the company’s stock.

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).