Inspire Investing LLC Cuts Stake in Knowles Co. (NYSE:KN)

Inspire Investing LLC decreased its holdings in Knowles Co. (NYSE:KN) by 8.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,580 shares of the communications equipment provider’s stock after selling 1,779 shares during the period. Inspire Investing LLC’s holdings in Knowles were worth $355,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in KN. Quest Partners LLC bought a new stake in Knowles during the 2nd quarter valued at $30,000. Parallel Advisors LLC raised 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 valued at $41,000 after buying an additional 1,582 shares during the last quarter. Innealta Capital LLC bought a new stake in Knowles during the 2nd quarter valued at $46,000. CWM LLC raised its holdings in Knowles by 38.0% during the 2nd quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 836 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Knowles during the 1st quarter valued at $135,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Knowles Trading Down 2.2 %

NYSE:KN opened at $17.52 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. Knowles Co. has a 52 week low of $12.78 and a 52 week high of $19.73. The firm has a market capitalization of $1.57 billion, a P/E ratio of 19.91 and a beta of 1.42. The company has a fifty day moving average of $17.77 and a 200 day moving average of $17.06.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Knowles news, CFO John S. Anderson sold 10,444 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.65% of the company’s stock.

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).