Hodges Capital Management Inc. Has $3.12 Million Stake in Knowles Co. (NYSE:KN)

Hodges Capital Management Inc. decreased its position in shares of Knowles Co. (NYSE:KN) by 44.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,427 shares of the communications equipment provider’s stock after selling 155,080 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.22% of Knowles worth $3,115,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Eagle Asset Management Inc. acquired a new stake in shares of Knowles during the 4th quarter valued at $3,832,000. TFO Wealth Partners LLC lifted its holdings in Knowles by 1,551,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 15,512 shares of the communications equipment provider’s stock worth $278,000 after buying an additional 15,511 shares during the period. Olympiad Research LP acquired a new position in Knowles during the 4th quarter worth about $299,000. Parallel Advisors LLC lifted its holdings in Knowles by 217.0% during the 4th quarter. Parallel Advisors LLC now owns 2,311 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 1,582 shares during the period. Finally, Commerce Bank acquired a new position in Knowles during the 4th quarter worth about $181,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insiders Place Their Bets

In other news, Director Keith Barnes sold 5,186 shares of Knowles stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $17.45, for a total value of $90,495.70. Following the completion of the transaction, the director now directly owns 92,917 shares of the company’s stock, valued at approximately $1,621,401.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.65% of the company’s stock.

Knowles Stock Up 2.8 %

Shares of KN opened at $17.26 on Friday. The company has a market capitalization of $1.55 billion, a PE ratio of 19.61 and a beta of 1.45. Knowles Co. has a 12 month low of $12.78 and a 12 month high of $18.48. The stock’s 50-day moving average price is $17.10 and its two-hundred day moving average price is $16.73. The company has a current ratio of 2.75, a quick ratio of 1.55 and a debt-to-equity ratio of 0.24.

Knowles (NYSE:KN) last announced its earnings results on Wednesday, May 1st. The communications equipment provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). The company had revenue of $196.40 million for the quarter. Knowles had a return on equity of 5.98% and a net margin of 10.54%.

About Knowles

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).