Insider Buying: Knowles Corporation (KN) Director Purchases 2,000 Shares of Stock
Knowles Corporation (NYSE:KN) Director Didier Hirsch bought 2,000 shares of Knowles stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $13.40 per share, with a total value of $26,800.00. Following the completion of the acquisition, the director now directly owns 40,821 shares of the company’s stock, valued at approximately $547,001.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Knowles Corporation (KN) opened at $13.62 on Wednesday. Knowles Corporation has a 52 week low of $13.10 and a 52 week high of $19.90. The firm has a market capitalization of $1,228.72, a PE ratio of 19.34, a PEG ratio of 1.82 and a beta of 0.78. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17.
Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.07. Knowles had a return on equity of 6.28% and a net margin of 8.32%. The business had revenue of $215.50 million for the quarter, compared to analyst estimates of $221.96 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. research analysts forecast that Knowles Corporation will post 0.75 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Knowles by 222.6% during the fourth quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock worth $119,000 after acquiring an additional 5,618 shares during the last quarter. Capital Management Associates NY purchased a new stake in Knowles in the third quarter valued at approximately $153,000. Crossmark Global Holdings Inc. purchased a new stake in Knowles in the fourth quarter valued at approximately $170,000. Amalgamated Bank boosted its position in Knowles by 0.9% in the second quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock valued at $212,000 after buying an additional 117 shares during the last quarter. Finally, Investors Research Corp purchased a new stake in Knowles in the fourth quarter valued at approximately $216,000.
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).
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