Moors & Cabot Inc. Invests $188,000 in Knowles Co. (NYSE:KN)

Moors & Cabot Inc. acquired a new position in Knowles Co. (NYSE:KN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,425 shares of the communications equipment provider’s stock, valued at approximately $188,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Knowles by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 10,732,041 shares of the communications equipment provider’s stock worth $130,608,000 after purchasing an additional 428,537 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Knowles by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,706,709 shares of the communications equipment provider’s stock worth $114,014,000 after buying an additional 124,094 shares during the last quarter. State Street Corp boosted its stake in shares of Knowles by 3.1% in the 1st quarter. State Street Corp now owns 3,559,635 shares of the communications equipment provider’s stock worth $60,514,000 after buying an additional 108,548 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Knowles by 10.6% in the 1st quarter. Thrivent Financial for Lutherans now owns 3,256,761 shares of the communications equipment provider’s stock worth $55,365,000 after buying an additional 312,758 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of Knowles by 36.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,589,853 shares of the communications equipment provider’s stock worth $42,526,000 after buying an additional 698,139 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet downgraded Knowles from a “c-” rating to a “d+” rating in a research note on Tuesday, October 24th. Finally, Susquehanna cut their target price on Knowles from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th.

Knowles Trading Up 1.2 %

NYSE:KN opened at $16.39 on Tuesday. The company has a market cap of $1.48 billion, a P/E ratio of -8.15 and a beta of 1.47. The stock’s fifty day moving average price is $14.55 and its two-hundred day moving average price is $16.13. Knowles Co. has a 1 year low of $12.78 and a 1 year high of $20.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.62 and a quick ratio of 1.90.

Insider Transactions at Knowles

In other news, SVP Raymond D. Cabrera sold 5,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $15.42, for a total value of $77,100.00. Following the transaction, the senior vice president now owns 84,202 shares of the company’s stock, valued at $1,298,394.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.65% of the company’s stock.

About Knowles

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).