Knowles Co. (NYSE:KN) Short Interest Update

Knowles Co. (NYSE:KN) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 1,620,000 shares, a decrease of 16.1% from the August 31st total of 1,930,000 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 637,800 shares, the days-to-cover ratio is currently 2.5 days.

Insider Activity

In other news, CFO John S. Anderson sold 10,444 shares of Knowles stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the completion of the sale, the chief financial officer now directly owns 211,200 shares in the company, valued at $3,907,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Knowles news, Director Cheryl L. Shavers sold 12,579 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $17.29, for a total value of $217,490.91. Following the transaction, the director now directly owns 48,933 shares of the company’s stock, valued at $846,051.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the sale, the chief financial officer now owns 211,200 shares of the company’s stock, valued at $3,907,200. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.

Institutional Investors Weigh In On Knowles

Institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB boosted its position in shares of Knowles by 43.5% during the first quarter. Nordea Investment Management AB now owns 486,393 shares of the communications equipment provider’s stock worth $7,773,000 after acquiring an additional 147,372 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Knowles during the first quarter valued at about $1,435,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Knowles by 9.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 746,389 shares of the communications equipment provider’s stock worth $12,017,000 after purchasing an additional 62,332 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Knowles in the fourth quarter worth about $920,000. Finally, Norges Bank bought a new position in Knowles during the fourth quarter valued at approximately $10,562,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Knowles Stock Performance

NYSE KN traded up $0.19 on Friday, hitting $18.04. 652,066 shares of the company traded hands, compared to its average volume of 583,216. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $17.64 and its 200-day moving average price is $17.09. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.50 and a beta of 1.42. Knowles has a 52-week low of $12.78 and a 52-week high of $19.73.

Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%. The company had revenue of $204.70 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Susquehanna upped their target price on shares of Knowles from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th.

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).