Inspire Investing LLC Has $401,000 Stock Position in Knowles Co. (NYSE:KN)

Inspire Investing LLC cut its position in shares of Knowles Co. (NYSE:KN) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,115 shares of the communications equipment provider’s stock after selling 2,839 shares during the period. Inspire Investing LLC’s holdings in Knowles were worth $401,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KN. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 1,069 shares in the last quarter. Quarry LP bought a new position in shares of Knowles during the 2nd quarter worth approximately $39,000. GAMMA Investing LLC boosted its stake in Knowles by 37.6% in the 3rd 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. Meeder Asset Management Inc. bought a new stake in Knowles in the third quarter valued at $52,000. Finally, CWM LLC raised its stake in Knowles by 20.0% during the third quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock worth $66,000 after acquiring an additional 607 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Knowles

In related news, CEO Jeffrey Niew sold 157,699 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $18.98, for a total value of $2,993,127.02. Following the transaction, the chief executive officer now owns 820,698 shares in the company, valued at $15,576,848.04. This trade represents a 16.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,541 shares of company stock valued at $3,436,500 over the last quarter. Corporate insiders own 2.65% of the company’s stock.

Knowles Stock Performance

Shares of NYSE:KN opened at $19.97 on Monday. The business has a fifty day moving average of $19.70 and a 200-day moving average of $18.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.67 and a current ratio of 2.35. Knowles Co. has a twelve month low of $14.97 and a twelve month high of $20.85. The firm has a market cap of $1.76 billion, a PE ratio of -8.54 and a beta of 1.43.

Knowles (NYSE:KN) last announced its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share 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 the consensus estimate of $140.97 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 31.8% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KN shares. Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, Susquehanna dropped their price objective on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

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).