Investment Centers of America Inc. held its position in Kimball International, Inc. (NASDAQ:KBAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,000 shares of the company’s stock at the end of the 2nd quarter. Investment Centers of America Inc.’s holdings in Kimball International were worth $167,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its holdings in shares of 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 purchasing an additional 5,859 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Kimball International in the second quarter valued at approximately $119,000. Legal & General Group Plc raised its holdings in shares of 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 purchasing an additional 366 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 1,578 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kimball International in the second quarter valued at approximately $204,000. Institutional investors own 63.11% of the company’s stock.
Separately, BidaskClub downgraded shares of Kimball International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st.
Shares of Kimball International, Inc. (KBAL) opened at 17.90 on Thursday. The firm has a market capitalization of $670.96 million, a P/E ratio of 18.08 and a beta of 1.50. Kimball International, Inc. has a 12-month low of $11.97 and a 12-month high of $18.94. The stock has a 50 day moving average of $16.80 and a 200-day moving average of $16.99.
Kimball International (NASDAQ:KBAL) last issued its earnings results on Wednesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Kimball International had a return on equity of 22.09% and a net margin of 5.60%. The company had revenue of $171.98 million for the quarter. On average, equities research analysts predict that Kimball International, Inc. will post $0.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, September 25th will be issued a $0.07 dividend. This is a boost from Kimball International’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, September 22nd. Kimball International’s dividend payout ratio (DPR) is currently 24.24%.
In related news, CEO Robert F. Schneider sold 31,790 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 280,621 shares in the company, valued at approximately $4,503,967.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by company insiders.
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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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