Bowling Portfolio Management LLC raised its stake in Kimball International Inc (NASDAQ:KBAL) by 420.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,795 shares of the company’s stock after acquiring an additional 48,308 shares during the period. Bowling Portfolio Management LLC owned 0.16% of Kimball International worth $1,154,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in Kimball International in the second quarter valued at approximately $28,000. Quantamental Technologies LLC boosted its stake in Kimball International by 55.7% in the second quarter. Quantamental Technologies LLC now owns 2,066 shares of the company’s stock valued at $36,000 after acquiring an additional 739 shares during the period. New York State Teachers Retirement System acquired a new position in Kimball International in the second quarter valued at approximately $54,000. US Bancorp DE boosted its stake in Kimball International by 11.5% in the second quarter. US Bancorp DE now owns 9,362 shares of the company’s stock valued at $163,000 after acquiring an additional 962 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Kimball International in the second quarter valued at approximately $185,000. Institutional investors own 65.88% of the company’s stock.
Several brokerages have recently issued reports on KBAL. ValuEngine downgraded Kimball International from a “hold” rating to a “sell” rating in a research report on Monday, August 26th. BidaskClub upgraded Kimball International from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th.
KBAL opened at $19.67 on Thursday. The company has a market capitalization of $723.19 million, a price-to-earnings ratio of 17.48 and a beta of 0.94. Kimball International Inc has a 1-year low of $13.49 and a 1-year high of $20.33. The business has a 50 day moving average price of $18.90 and a two-hundred day moving average price of $16.99.
Kimball International (NASDAQ:KBAL) last released its earnings results on Monday, July 29th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $195.57 million during the quarter. Kimball International had a return on equity of 20.20% and a net margin of 5.12%.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 25th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.36 annualized dividend and a dividend yield of 1.83%. This is a boost from Kimball International’s previous quarterly dividend of $0.08.
Kimball International Profile
Kimball International, Inc designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.
Further Reading: FAANG Stocks
Want to see what other hedge funds are holding KBAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimball International Inc (NASDAQ:KBAL).
Receive News & Ratings for Kimball International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball International and related companies with MarketBeat.com's FREE daily email newsletter.