Knowles (KN) Insider Buys $14,560.08 in Stock

Knowles (NYSE:KN) insider Michael S. Polacek acquired 1,178 shares of Knowles stock in a transaction on Monday, April 2nd. The stock was purchased at an average cost of $12.36 per share, for a total transaction of $14,560.08. Following the purchase, the insider now owns 62,064 shares in the company, valued at $767,111.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NYSE KN traded down $0.34 during mid-day trading on Tuesday, reaching $12.02. 2,403,708 shares of the company were exchanged, compared to its average volume of 989,973. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.60 and a quick ratio of 1.78. The stock has a market capitalization of $1,134.76, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87. Knowles has a 1 year low of $11.83 and a 1 year high of $19.90.

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Knowles (NYSE:KN) last issued its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. The firm had revenue of $215.50 million during the quarter, compared to analysts’ expectations of $221.96 million. Knowles had a return on equity of 6.28% and a net margin of 8.32%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. equities research analysts anticipate that Knowles will post 0.75 earnings per share for the current fiscal year.



Several hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new position in Knowles during the 4th quarter valued at about $209,000. We Are One Seven LLC acquired a new position in Knowles during the 4th quarter valued at about $203,000. MetLife Investment Advisors LLC acquired a new position in Knowles during the 4th quarter valued at about $1,461,000. Jane Street Group LLC acquired a new position in Knowles during the 4th quarter valued at about $276,000. Finally, Paloma Partners Management Co increased its position in Knowles by 234.4% during the 4th quarter. Paloma Partners Management Co now owns 81,129 shares of the communications equipment provider’s stock valued at $1,189,000 after buying an additional 56,867 shares in the last quarter.

Several research firms have recently weighed in on KN. Zacks Investment Research raised Knowles from a “sell” rating to a “hold” rating in a research report on Tuesday. Craig Hallum reaffirmed a “buy” rating and issued a $17.00 price objective (down previously from $20.00) on shares of Knowles in a research report on Thursday, February 8th. Lake Street Capital cut their price objective on Knowles from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Piper Jaffray initiated coverage on Knowles in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 price objective on the stock. Finally, ValuEngine downgraded Knowles from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.92.

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Knowles Company Profile

Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).

Insider Buying and Selling by Quarter for Knowles (NYSE:KN)

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