Quest Partners LLC Invests $30,000 in Knowles Co. (NYSE:KN)

Quest Partners LLC bought a new stake in Knowles Co. (NYSE:KN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,720 shares of the communications equipment provider’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in Knowles by 569.5% in the second quarter. Victory Capital Management Inc. now owns 665,947 shares of the communications equipment provider’s stock valued at $11,494,000 after buying an additional 566,476 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Knowles in the 2nd quarter valued at $2,777,000. Innealta Capital LLC purchased a new position in shares of Knowles in the 2nd quarter valued at $46,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Knowles by 6.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 792,037 shares of the communications equipment provider’s stock valued at $13,671,000 after acquiring an additional 45,648 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Knowles by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the communications equipment provider’s stock worth $780,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Susquehanna boosted their price objective on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th.

Knowles Stock Down 2.2 %

Shares of NYSE:KN opened at $17.52 on Friday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 19.91 and a beta of 1.42. The company has a 50 day moving average of $17.77 and a two-hundred day moving average of $17.05. Knowles Co. has a 52-week low of $12.78 and a 52-week high of $19.73. 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 (NYSE:KN) last released its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.16). The firm had revenue of $204.70 million for the quarter. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%.

Insider Transactions at Knowles

In other Knowles news, CFO John S. Anderson sold 10,444 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $193,214.00. Following the transaction, the chief financial officer now directly owns 211,200 shares of the company’s stock, valued at approximately $3,907,200. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.65% of the company’s stock.

Knowles 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).