Kimball International, Inc. (KBAL) Position Increased by Alliancebernstein L.P.
Alliancebernstein L.P. raised its position in Kimball International, Inc. (NASDAQ:KBAL) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,100 shares of the company’s stock after purchasing an additional 10,620 shares during the quarter. Alliancebernstein L.P. owned 0.55% of Kimball International worth $3,406,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in shares of Kimball International by 1,322.6% during the second quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the company’s stock worth $105,000 after acquiring an additional 5,859 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of Kimball International during the second quarter worth approximately $119,000. Legal & General Group Plc increased its position in shares of Kimball International by 3.8% during the second quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock worth $168,000 after acquiring an additional 366 shares during the period. Victory Capital Management Inc. increased its position in shares of Kimball International by 17.6% during the second quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock worth $176,000 after acquiring an additional 1,578 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Kimball International during the second quarter worth approximately $204,000. 63.11% of the stock is currently owned by institutional investors.
Separately, BidaskClub raised shares of Kimball International from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.
Kimball International, Inc. (KBAL) opened at 19.98 on Monday. The stock’s 50 day moving average is $17.95 and its 200-day moving average is $17.25. The stock has a market capitalization of $748.93 million, a price-to-earnings ratio of 20.18 and a beta of 1.50. Kimball International, Inc. has a 12 month low of $11.97 and a 12 month high of $20.73.
Kimball International (NASDAQ:KBAL) last announced its earnings results on Wednesday, August 2nd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. Kimball International had a net margin of 5.60% and a return on equity of 22.09%. The firm had revenue of $171.98 million for the quarter. On average, equities research analysts expect that Kimball International, Inc. will post $0.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, September 25th will be paid 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 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Friday, September 22nd. Kimball International’s dividend payout ratio is presently 28.28%.
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In related news, CEO Robert F. Schneider sold 31,790 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $16.05, for a total transaction of $510,229.50. Following the sale, the chief executive officer now directly owns 280,621 shares of the company’s stock, valued at approximately $4,503,967.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by corporate insiders.
Kimball International Profile
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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