Knowles Co. (NYSE:KN) Position Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in Knowles Co. (NYSE:KN – Get Rating) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,582,615 shares of the communications equipment provider’s stock after selling 253,410 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Knowles worth $108,088,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KN. CWM LLC increased its holdings in Knowles by 201.2% in the third quarter. CWM LLC now owns 2,449 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 1,636 shares during the last quarter. Federated Hermes Inc. acquired a new position in Knowles during the third quarter valued at approximately $33,000. Quadrant Capital Group LLC grew its holdings in Knowles by 147.7% during the third quarter. Quadrant Capital Group LLC now owns 5,154 shares of the communications equipment provider’s stock valued at $63,000 after purchasing an additional 3,073 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Knowles by 65.5% in the first quarter. Captrust Financial Advisors now owns 3,003 shares of the communications equipment provider’s stock valued at $65,000 after acquiring an additional 1,188 shares during the period. Finally, Ellevest Inc. boosted its position in shares of Knowles by 130.1% in the fourth quarter. Ellevest Inc. now owns 4,161 shares of the communications equipment provider’s stock valued at $68,000 after acquiring an additional 2,353 shares during the period. 99.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Cheryl L. Shavers sold 12,205 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $16.61, for a total transaction of $202,725.05. Following the completion of the transaction, the director now directly owns 50,772 shares in the company, valued at approximately $843,322.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.65% of the company’s stock.

Knowles Stock Down 0.7 %

Shares of NYSE:KN opened at $16.22 on Monday. The business has a fifty day moving average of $16.34 and a 200-day moving average of $16.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.39 and a current ratio of 3.06. Knowles Co. has a twelve month low of $11.57 and a twelve month high of $20.25.

Knowles (NYSE:KN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The communications equipment provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $144.30 million during the quarter. Knowles had a positive return on equity of 5.55% and a negative net margin of 64.08%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Knowles in a research report on Thursday. They issued a “hold” rating for the company.

About Knowles

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Knowles Corp. supplies advanced micro-acoustic, audio processing and precision device solutions. It operates through the following segments: Audio and Precision Devices. The Audio segment includes analog and digital micro-electro-mechanical systems microphones, electret condenser microphones, smart microphones, ultrasonic sensors, acoustic processors and balanced armature speakers.