Olympiad Research LP Invests $494,000 in Knowles Co. (NYSE:KN)

Olympiad Research LP acquired a new position in Knowles Co. (NYSE:KN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,423 shares of the communications equipment provider’s stock, valued at approximately $494,000.

Other hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC bought a new position in Knowles during the first quarter valued at approximately $1,228,000. Sei Investments Co. boosted its stake in Knowles by 9.2% during the first quarter. Sei Investments Co. now owns 529,859 shares of the communications equipment provider’s stock valued at $8,531,000 after buying an additional 44,566 shares during the last quarter. Innealta Capital LLC bought a new position in Knowles during the second quarter valued at approximately $46,000. State Board of Administration of Florida Retirement System boosted its stake in Knowles by 13.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 35,216 shares of the communications equipment provider’s stock valued at $599,000 after buying an additional 4,242 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Knowles by 1.0% during the first quarter. Vanguard Group Inc. now owns 11,993,942 shares of the communications equipment provider’s stock valued at $193,102,000 after purchasing an additional 114,934 shares during the period. Institutional investors own 96.35% of the company’s stock.

Knowles Trading Up 8.6 %

Shares of NYSE KN opened at $19.35 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.67 and a current ratio of 2.35. The business’s 50 day moving average price is $17.56 and its 200-day moving average price is $17.49. Knowles Co. has a fifty-two week low of $14.97 and a fifty-two week high of $19.73. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -8.27 and a beta of 1.42.

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

Wall Street Analyst Weigh In

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

Insider Transactions at Knowles

In other Knowles news, SVP Robert J. Perna sold 21,080 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $17.56, for a total value of $370,164.80. Following the transaction, the senior vice president now owns 66,063 shares in the company, valued at approximately $1,160,066.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Keith Barnes sold 6,725 shares of Knowles stock in a transaction on Monday, September 30th. The stock was sold at an average price of $17.88, for a total transaction of $120,243.00. Following the transaction, the director now owns 86,192 shares in the company, valued at $1,541,112.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert J. Perna sold 21,080 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $17.56, for a total transaction of $370,164.80. Following the sale, the senior vice president now owns 66,063 shares of the company’s stock, valued at approximately $1,160,066.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,828 shares of company stock valued at $901,113 over the last 90 days. Corporate insiders own 2.57% 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).