Dynamic Technology Lab Private Ltd Purchases 748 Shares of Knowles Co. (NYSE:KN)

Dynamic Technology Lab Private Ltd raised its position in shares of Knowles Co. (NYSE:KN) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,985 shares of the communications equipment provider’s stock after buying an additional 748 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Knowles were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Knowles by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,678,995 shares of the communications equipment provider’s stock worth $115,277,000 after acquiring an additional 375,822 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Knowles by 54,279.3% in the third quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider’s stock worth $47,268,000 after acquiring an additional 2,616,805 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Knowles by 14.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,410,368 shares of the communications equipment provider’s stock worth $25,429,000 after purchasing an additional 178,745 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Knowles by 64.0% during the third quarter. Victory Capital Management Inc. now owns 1,092,161 shares of the communications equipment provider’s stock valued at $19,692,000 after purchasing an additional 426,214 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Knowles by 4.4% in the third quarter. Royce & Associates LP now owns 870,123 shares of the communications equipment provider’s stock valued at $15,688,000 after purchasing an additional 36,700 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Price Performance

KN opened at $19.46 on Friday. The company has a fifty day moving average price of $18.04 and a two-hundred day moving average price of $17.76. The firm has a market capitalization of $1.71 billion, a PE ratio of -8.32 and a beta of 1.42. Knowles Co. has a 52 week low of $14.97 and a 52 week high of $19.74. 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 (NYSE:KN) last announced its quarterly earnings data 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 positive return on equity of 5.16% and a negative net margin of 27.53%. The business had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $140.97 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 31.8% compared to the same quarter last year.

Analysts Set New Price Targets

KN has been the topic of several research reports. StockNews.com downgraded Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Craig Hallum upgraded Knowles to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Susquehanna dropped their price objective on Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

Insider Activity at Knowles

In related news, VP Air A. Jr. Bastarrica sold 3,762 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 61,681 shares of the company’s stock, valued at approximately $1,200,312.26. This trade represents a 5.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Niew sold 157,699 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $18.98, for a total value of $2,993,127.02. Following the completion of the transaction, the chief executive officer now directly owns 820,698 shares of the company’s stock, valued at approximately $15,576,848.04. The trade was a 16.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 201,845 shares of company stock worth $3,774,234 in the last ninety days. Company insiders own 2.65% 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).