Russell Investments Group Ltd. Takes $1.03 Million Position in Knowles Co. (NYSE:KN)

Russell Investments Group Ltd. acquired a new stake in shares of Knowles Co. (NYSE:KN – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 62,634 shares of the communications equipment provider’s stock, valued at approximately $1,028,000. Russell Investments Group Ltd. owned about 0.07% of Knowles as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Federated Hermes Inc. acquired a new stake in Knowles during the 3rd quarter valued at $33,000. Quadrant Capital Group LLC increased its stake in shares of Knowles by 147.7% in the third quarter. Quadrant Capital Group LLC now owns 5,154 shares of the communications equipment provider’s stock worth $63,000 after acquiring an additional 3,073 shares during the last quarter. Captrust Financial Advisors increased its stake 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 worth $65,000 after acquiring an additional 1,188 shares during the last quarter. Ellevest Inc. increased its stake 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 worth $68,000 after acquiring an additional 2,353 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Knowles by 27.2% in the fourth quarter. Signaturefd LLC now owns 4,195 shares of the communications equipment provider’s stock worth $69,000 after acquiring an additional 897 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Knowles Trading Up 3.1 %

Knowles stock opened at $16.85 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.06 and a quick ratio of 1.39. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -3.30 and a beta of 1.46. Knowles Co. has a one year low of $11.57 and a one year high of $20.25. The company’s fifty day moving average price is $16.35 and its two-hundred day moving average price is $16.65.

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

Insider Buying and Selling at Knowles

In related news, Director Cheryl L. Shavers sold 12,205 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $16.61, for a total value of $202,725.05. Following the completion of the sale, the director now owns 50,772 shares in the company, valued at $843,322.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.65% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Knowles in a research note on Thursday, May 18th. They issued a “hold” rating on the stock.

Knowles Profile

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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.