GAMMA Investing LLC Increases Position in Knowles Corporation (NYSE:KN)

GAMMA Investing LLC raised its stake in shares of Knowles Corporation (NYSE:KN - Free Report) by 1,518.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,022 shares of the communications equipment provider's stock after purchasing an additional 42,241 shares during the period. GAMMA Investing LLC owned 0.05% of Knowles worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KN. Versant Capital Management Inc raised its position in Knowles by 725.6% during the first quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 1,444 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock worth $42,000 after buying an additional 669 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Knowles by 835.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider's stock worth $55,000 after buying an additional 2,448 shares during the period. Blue Trust Inc. lifted its stake in shares of Knowles by 72.4% during the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock worth $69,000 after acquiring an additional 1,449 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new stake in shares of Knowles during the 4th quarter worth approximately $201,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Knowles

In other news, SVP Raymond D. Cabrera sold 5,545 shares of Knowles stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $17.25, for a total value of $95,651.25. Following the transaction, the senior vice president now directly owns 111,286 shares in the company, valued at approximately $1,919,683.50. This trade represents a 4.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KN. Wall Street Zen lowered Knowles from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Craig Hallum raised Knowles from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a research note on Monday, April 7th. Finally, Robert W. Baird raised their price target on Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th.

Knowles Stock Up 0.8%

NYSE KN traded up $0.15 on Friday, reaching $17.22. 1,225,260 shares of the stock traded hands, compared to its average volume of 680,213. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.30 and a current ratio of 2.02. The company has a fifty day moving average price of $16.31 and a 200-day moving average price of $17.37. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -6.38 and a beta of 1.41. Knowles Corporation has a 12 month low of $12.19 and a 12 month high of $20.86.

Knowles (NYSE:KN - Get Free Report) last issued its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. The business had revenue of $132.20 million during the quarter, compared to analyst estimates of $128.95 million. Knowles had a positive return on equity of 6.35% and a negative net margin of 38.96%. Knowles's revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS.

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).