Versor Investments LP Makes New $582,000 Investment in Knowles Co. (NYSE:KN)

Versor Investments LP acquired a new position in Knowles Co. (NYSE:KN - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,300 shares of the communications equipment provider's stock, valued at approximately $582,000.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC bought a new position in Knowles in the 2nd quarter worth about $30,000. Blue Trust Inc. increased its stake in shares of Knowles by 114.6% during the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider's stock valued at $35,000 after buying an additional 1,069 shares during the period. Quarry LP bought a new stake in shares of Knowles in the second quarter valued at about $39,000. GAMMA Investing LLC lifted its stake in Knowles by 37.6% in the third 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 during the period. Finally, Innealta Capital LLC bought a new position in Knowles during the 2nd quarter worth about $46,000. Institutional investors own 96.35% of the company's stock.

Insider Activity

In other Knowles news, Director Keith Barnes sold 6,725 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the transaction, the director now directly owns 86,192 shares of the company's stock, valued at $1,541,112.96. This trade represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Air A. Jr. Bastarrica sold 3,762 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $19.46, for a total transaction of $73,208.52. Following the sale, the vice president now directly owns 61,681 shares of the company's stock, valued at $1,200,312.26. This represents a 5.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 212,289 shares of company stock valued at $3,967,448 in the last three months. 2.65% of the stock is currently owned by corporate insiders.

Knowles Stock Down 0.4 %

NYSE KN traded down $0.07 during trading on Thursday, hitting $18.38. The company's stock had a trading volume of 380,768 shares, compared to its average volume of 574,003. Knowles Co. has a fifty-two week low of $14.97 and a fifty-two week high of $19.73. 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 cap of $1.62 billion, a PE ratio of -7.85 and a beta of 1.42. The business's 50 day simple moving average is $17.65 and its 200-day simple moving average is $17.59.

Knowles (NYSE:KN - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KN. StockNews.com cut Knowles from a "buy" rating to a "hold" rating in a research note on Saturday, October 26th. Susquehanna decreased their price target on shares of Knowles from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Finally, Craig Hallum upgraded shares of Knowles to a "strong-buy" rating in a research note on Wednesday, October 16th.

Knowles 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).