WBI Investments Inc. cut its position in Kimball International, Inc. (NASDAQ:KBAL) by 23.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,488 shares of the company’s stock after selling 9,896 shares during the quarter. WBI Investments Inc. owned about 0.09% of Kimball International worth $542,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of KBAL. BNP Paribas Arbitrage SA lifted its position in Kimball International by 1,322.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the company’s stock valued at $105,000 after purchasing an additional 5,859 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Kimball International in the 2nd quarter valued at about $119,000. Legal & General Group Plc lifted its position in Kimball International by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock valued at $168,000 after purchasing an additional 366 shares during the last quarter. Victory Capital Management Inc. lifted its position in Kimball International by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock valued at $176,000 after purchasing an additional 1,578 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Kimball International in the 2nd quarter valued at about $204,000. Hedge funds and other institutional investors own 63.24% of the company’s stock.
Shares of Kimball International, Inc. (NASDAQ:KBAL) opened at 17.48 on Friday. Kimball International, Inc. has a 12 month low of $11.97 and a 12 month high of $18.94. The company has a market capitalization of $655.22 million, a P/E ratio of 17.66 and a beta of 1.50. The company has a 50-day moving average of $16.73 and a 200 day moving average of $16.98.
Kimball International (NASDAQ:KBAL) last posted its earnings results on Wednesday, August 2nd. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $171.98 million for the quarter. Analysts forecast that Kimball International, Inc. will post $0.69 EPS for the current year.
The company also recently announced 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 is a positive change from Kimball International’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. Kimball International’s dividend payout ratio is presently 24.24%.
In other news, CEO Robert F. Schneider sold 31,790 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $16.05, for a total value of $510,229.50. Following 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 can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.
Separately, BidaskClub downgraded shares of Kimball International from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st.
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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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