US Bancorp DE boosted its holdings in Kimball International Inc (NASDAQ:KBAL) by 11.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,362 shares of the company’s stock after buying an additional 962 shares during the quarter. US Bancorp DE’s holdings in Kimball International were worth $163,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in KBAL. Captrust Financial Advisors acquired a new stake in Kimball International in the second quarter valued at about $28,000. Quantamental Technologies LLC boosted its stake in Kimball International by 55.7% in the second quarter. Quantamental Technologies LLC now owns 2,066 shares of the company’s stock valued at $36,000 after buying an additional 739 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Kimball International in the second quarter valued at about $54,000. SG Americas Securities LLC acquired a new stake in Kimball International in the first quarter valued at about $117,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Kimball International in the second quarter valued at about $185,000. 65.88% of the stock is currently owned by institutional investors and hedge funds.
Kimball International stock traded down $0.24 during trading hours on Thursday, hitting $18.80. The stock had a trading volume of 1,522 shares, compared to its average volume of 112,321. The stock has a market cap of $705.55 million, a price-to-earnings ratio of 17.23 and a beta of 0.94. Kimball International Inc has a one year low of $13.49 and a one year high of $20.33. The business’s 50 day simple moving average is $18.41 and its 200-day simple moving average is $16.66.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 25th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This is an increase from Kimball International’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.91%.
Several analysts recently weighed in on the company. ValuEngine lowered Kimball International from a “hold” rating to a “sell” rating in a research note on Monday, August 26th. BidaskClub raised Kimball International from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th.
Kimball International Profile
Kimball International, Inc designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.
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