A notable transaction recently occurred within Knowles Corporation (NYSE:KN), drawing significant attention to the company’s executive movements. Robert J. Perna, the Senior Vice President, executed a substantial sale of company stock, a move that often prompts scrutiny from financial analysts and investors alike. This insider trading event, precisely on Monday, July 28th, highlights the dynamic nature of corporate stock holdings and their potential implications for market sentiment.
Details of the transaction reveal that SVP Perna divested 56,130 shares of Knowles Corporation stock at an average price of $20.47 per share, culminating in a total value exceeding $1.1 million. This significant sale reduced his ownership in the company by a notable 45.75%, leaving him with 66,552 shares valued at over $1.3 million. Such insider sales are meticulously documented through filings with the Securities & Exchange Commission, providing transparency for the financial community and influencing investor relations strategies.
Examining Knowles Corporation’s broader financial health, the stock opened at $20.27 on the market, reflecting current trading conditions. The company’s financial structure exhibits a debt-to-equity ratio of 0.16, indicating a relatively low reliance on debt financing. Furthermore, robust liquidity is suggested by a current ratio of 2.00 and a quick ratio of 1.29, essential metrics for assessing a firm’s short-term financial solvency.
Key market indicators for Knowles Corporation paint a comprehensive picture of its valuation and market behavior. The company commands a market capitalization of $1.76 billion, signifying its scale within the communications equipment sector. With a price-to-earnings ratio of 69.90, the stock is trading at a premium, potentially reflecting growth expectations. A beta of 1.41 suggests the stock is more volatile than the overall market, a critical consideration for those engaged in stock market investments. The 50-day moving average stands at $17.78, while the two-hundred day moving average is $17.10, providing technical insights into recent price trends.
The stock’s performance over the past year has seen fluctuations, with Knowles Corporation reaching a 1-year low of $12.19 and a 1-year high of $21.37. This range underscores the inherent volatility in stock prices and the potential for both gains and losses for shareholders. Understanding these historical price points is crucial for investors assessing the risk and reward of holding shares in NYSE:KN.
Large institutional investors have also been actively adjusting their positions in Knowles Corporation, signaling their strategic outlook on the company. Oppenheimer Asset Management Inc., for instance, significantly increased its stake by 71.7% in the second quarter, acquiring an additional 10,672 shares. Similarly, State of New Jersey Common Pension Fund D raised its holdings, demonstrating continued interest. AlphaQuest LLC made a substantial leap, lifting its position by an impressive 461.9% by adding 58,680 shares, showcasing strong confidence in the company’s prospects.
Further evidence of institutional confidence comes from Allspring Global Investments Holdings LLC, which grew its stake by 6.1%, accumulating over 1.2 million shares. CWM LLC also made a considerable increase in its holdings, boosting its stake by 283.2%. Collectively, these movements highlight the active engagement of major players in the market. As of recent disclosures, hedge funds and other institutional investors collectively own a substantial 96.35% of Knowles Corporation’s stock, underscoring its appeal within sophisticated financial portfolios and impacting overall corporate governance dynamics.
Knowles Corporation is a global provider of advanced micro-acoustic, audio processing, and specialty component solutions. The company operates through three distinct segments: Precision Devices (PD), Medtech & Specialty Audio (MSA), and Consumer MEMS Microphones (CMM). Its diverse product portfolio, including capacitors, RF filtering products, balanced armature speakers, and micro-acoustic microphones, serves a wide range of industries across Asia, the United States, Europe, and other international markets, making it a key player in the communications equipment provider landscape.
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