Prudential Financial Inc. cut its holdings in Kimball International, Inc. (NASDAQ:KBAL) by 60.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,572 shares of the company’s stock after selling 46,766 shares during the quarter. Prudential Financial Inc. owned about 0.08% of Kimball International worth $510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in Kimball International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock valued at $176,000 after acquiring an additional 1,578 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake 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 valued at $105,000 after acquiring an additional 5,859 shares during the last quarter. Legal & General Group Plc lifted its stake in Kimball International by 3.8% in the second quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock valued at $168,000 after acquiring an additional 366 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Kimball International by 18.3% in the second quarter. Bank of New York Mellon Corp now owns 377,356 shares of the company’s stock valued at $6,298,000 after acquiring an additional 58,370 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Kimball International by 37.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 186,235 shares of the company’s stock valued at $3,109,000 after acquiring an additional 50,683 shares during the last quarter. Hedge funds and other institutional investors own 63.11% of the company’s stock.

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In other news, CEO Robert F. Schneider sold 31,790 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $16.05, for a total value of $510,229.50. Following the completion of the sale, the chief executive officer now owns 280,621 shares of the company’s stock, valued at approximately $4,503,967.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Separately, BidaskClub cut shares of Kimball International from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.

Shares of Kimball International, Inc. (NASDAQ KBAL) opened at 20.16 on Wednesday. The firm has a 50-day moving average of $18.14 and a 200-day moving average of $17.32. Kimball International, Inc. has a 1-year low of $11.97 and a 1-year high of $20.73. The firm has a market capitalization of $755.68 million, a PE ratio of 20.36 and a beta of 1.51.

Kimball International (NASDAQ:KBAL) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $171.98 million during the quarter. Kimball International had a return on equity of 22.09% and a net margin of 5.60%. On average, equities research analysts anticipate that Kimball International, Inc. will post $0.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, September 22nd. This is an increase from Kimball International’s previous quarterly dividend of $0.06. Kimball International’s dividend payout ratio is presently 28.28%.

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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Institutional Ownership by Quarter for Kimball International (NASDAQ:KBAL)

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