Knowles Corporation (NYSE:KN) insider Michael S. Polacek bought 1,007 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were bought at an average price of $14.78 per share, with a total value of $14,883.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Knowles Corporation (NYSE:KN) traded down $0.06 during mid-day trading on Friday, hitting $15.32. The company had a trading volume of 839,700 shares, compared to its average volume of 905,900. The company has a current ratio of 2.39, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. Knowles Corporation has a twelve month low of $14.11 and a twelve month high of $19.90. The company has a market cap of $1,390.00, a P/E ratio of -766.00, a P/E/G ratio of 2.08 and a beta of 0.76.

Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Knowles had a return on equity of 6.13% and a net margin of 0.25%. The business had revenue of $221.70 million during the quarter, compared to the consensus estimate of $220.62 million. During the same period in the prior year, the company earned $0.37 EPS. Knowles’s revenue for the quarter was down 8.8% on a year-over-year basis. analysts anticipate that Knowles Corporation will post 0.62 EPS for the current year.

Several hedge funds have recently made changes to their positions in KN. Riverhead Capital Management LLC lifted its position in shares of Knowles by 88.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,959 shares of the communications equipment provider’s stock worth $118,000 after buying an additional 3,259 shares during the last quarter. Capital Management Associates NY bought a new stake in shares of Knowles during the 3rd quarter worth $153,000. Raymond James Trust N.A. lifted its position in shares of Knowles by 9.4% during the 2nd quarter. Raymond James Trust N.A. now owns 11,017 shares of the communications equipment provider’s stock worth $187,000 after buying an additional 948 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Knowles in the 2nd quarter worth about $203,000. Finally, Amalgamated Bank increased its holdings in Knowles by 0.9% in the 2nd quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock worth $212,000 after purchasing an additional 117 shares in the last quarter.

A number of analysts have recently weighed in on KN shares. Zacks Investment Research upgraded Knowles from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Piper Jaffray Companies started coverage on Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 target price for the company. Robert W. Baird restated a “buy” rating and set a $20.00 price objective on shares of Knowles in a research report on Friday, October 27th. Finally, Lake Street Capital restated a “buy” rating and set a $20.00 price objective on shares of Knowles in a research report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.42.

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About Knowles

Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).

Insider Buying and Selling by Quarter for Knowles (NYSE:KN)

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