27,423 Shares in Knowles Co. (NYSE:KN) Bought by Olympiad Research LP

Olympiad Research LP acquired a new position in shares of Knowles Co. (NYSE:KN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,423 shares of the communications equipment provider's stock, valued at approximately $494,000.

A number of other large investors also recently made changes to their positions in KN. Quest Partners LLC acquired a new position in Knowles during the second quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in shares of Knowles by 114.6% in the 3rd quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider's stock valued at $35,000 after purchasing an additional 1,069 shares during the last quarter. Quarry LP bought a new stake in shares of Knowles during the 2nd quarter worth $39,000. GAMMA Investing LLC boosted 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 valued at $44,000 after buying an additional 668 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Knowles in the second quarter valued at about $46,000. Institutional investors own 96.35% of the company's stock.

Knowles Stock Performance

Shares of KN traded down $0.18 during trading hours on Thursday, hitting $19.17. The company's stock had a trading volume of 565,448 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 company has a market cap of $1.69 billion, a price-to-earnings ratio of -8.27 and a beta of 1.42. 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 business has a 50 day simple moving average of $17.56 and a two-hundred day simple moving average of $17.49.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%. The firm had revenue of $142.50 million during the quarter, compared to the consensus estimate of $140.97 million. During the same quarter last year, the company posted $0.25 EPS. The company's revenue for the quarter was up 31.8% on a year-over-year basis.

Insiders Place Their Bets

In other news, VP Air A. Jr. Bastarrica sold 3,762 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $19.46, for a total transaction of $73,208.52. Following the transaction, the vice president now directly owns 61,681 shares of the company's stock, valued at approximately $1,200,312.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jeffrey Niew sold 157,699 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $18.98, for a total transaction of $2,993,127.02. Following the completion of the transaction, the chief executive officer now owns 820,698 shares of the company's stock, valued at $15,576,848.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Air A. Jr. Bastarrica sold 3,762 shares of the stock in a transaction dated Thursday, November 7th. The shares were 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 in the company, valued at $1,200,312.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 212,289 shares of company stock valued at $3,967,448 in the last quarter. Insiders own 2.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KN. Susquehanna lowered their price objective on Knowles from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. StockNews.com downgraded shares of Knowles from a "buy" rating to a "hold" rating in a research report on Saturday, October 26th. Finally, Craig Hallum raised Knowles to a "strong-buy" rating in a research note on Wednesday, October 16th.

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).