Chicago Equity Partners LLC Boosts Holdings in Kimball International, Inc. (KBAL)
Chicago Equity Partners LLC boosted its stake in Kimball International, Inc. (NASDAQ:KBAL) by 221.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,200 shares of the company’s stock after purchasing an additional 33,890 shares during the quarter. Chicago Equity Partners LLC owned about 0.13% of Kimball International worth $821,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in Kimball International by 1,322.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the company’s stock worth $105,000 after purchasing an additional 5,859 shares during the period. Great West Life Assurance Co. Can acquired a new stake in Kimball International in the second quarter worth $119,000. Legal & General Group Plc grew its holdings in Kimball International by 3.8% in the second quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock worth $168,000 after purchasing an additional 366 shares during the period. Victory Capital Management Inc. grew its holdings in Kimball International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock worth $176,000 after purchasing an additional 1,578 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Kimball International in the second quarter worth $204,000. Institutional investors and hedge funds own 63.24% of the company’s stock.
Shares of Kimball International, Inc. (KBAL) opened at 16.97 on Monday. Kimball International, Inc. has a 12-month low of $11.97 and a 12-month high of $18.94. The firm has a 50-day moving average of $16.63 and a 200-day moving average of $16.95. The firm has a market capitalization of $632.32 million, a PE ratio of 17.14 and a beta of 1.50.
Kimball International (NASDAQ:KBAL) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.05. The business had revenue of $171.98 million for the quarter. Kimball International had a net margin of 5.60% and a return on equity of 22.09%. Equities analysts anticipate that Kimball International, Inc. will post $0.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be given a dividend of $0.07 per share. This is an increase from Kimball International’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, September 22nd. Kimball International’s payout ratio is presently 24.24%.
In other news, President Winkle Donald W. Van sold 64,352 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $17.37, for a total value of $1,117,794.24. Following the sale, the president now directly owns 104,195 shares of the company’s stock, valued at approximately $1,809,867.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert F. Schneider sold 31,790 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $16.05, for a total transaction of $510,229.50. Following the completion of the sale, the chief executive officer now directly owns 280,621 shares in the company, valued at $4,503,967.05. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
Separately, BidaskClub upgraded shares of Kimball International from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th.
About Kimball International
Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.
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