Dynamic Technology Lab Private Ltd Takes Position in Knowles Corporation $KN

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Knowles Corporation, purchasing 35,079 shares valued at approximately $533,000.
• Several institutional investors, including Versant Capital Management and Meeder Asset Management, have significantly increased their stakes in Knowles during the first quarter, indicating growing interest in the company.
• Knowles has a market cap of $1.85 billion and is currently rated as a "Moderate Buy" by analysts, with a consensus target price of $21.00.

Dynamic Technology Lab Private Ltd acquired a new stake in Knowles Corporation (NYSE:KN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 35,079 shares of the communications equipment provider's stock, valued at approximately $533,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Knowles by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider's stock valued at $786,000 after purchasing an additional 2,245 shares in the last quarter. Ariel Investments LLC raised its holdings in shares of Knowles by 3.9% in the 1st quarter. Ariel Investments LLC now owns 4,657,747 shares of the communications equipment provider's stock valued at $70,798,000 after purchasing an additional 174,549 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Knowles by 27.0% in the 1st quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider's stock valued at $1,064,000 after purchasing an additional 14,900 shares in the last quarter. Vident Advisory LLC acquired a new stake in shares of Knowles in the 1st quarter valued at $231,000. Finally, Ieq Capital LLC acquired a new stake in shares of Knowles in the 1st quarter valued at $377,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Knowles from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Craig Hallum lifted their price target on shares of Knowles from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.00.

Knowles Stock Performance

Knowles stock traded up $0.01 during midday trading on Tuesday, hitting $22.20. 440,346 shares of the company's stock were exchanged, compared to its average volume of 501,674. Knowles Corporation has a 12-month low of $12.19 and a 12-month high of $22.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.29 and a current ratio of 2.00. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 76.55 and a beta of 1.50. The firm's 50 day simple moving average is $20.24 and its 200 day simple moving average is $17.60.

Insider Buying and Selling at Knowles

In other news, VP Air A. Jr. Bastarrica sold 10,000 shares of Knowles stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $20.94, for a total value of $209,400.00. Following the sale, the vice president owned 62,537 shares of the company's stock, valued at $1,309,524.78. The trade was a 13.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert J. Perna sold 56,130 shares of Knowles stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $20.47, for a total transaction of $1,148,981.10. Following the completion of the sale, the senior vice president directly owned 66,552 shares in the company, valued at approximately $1,362,319.44. The trade was a 45.75% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.54% of the company's stock.

Knowles Company 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).