Royce & Associates LP decreased its position in shares of Kimball International, Inc. (NASDAQ:KBAL) by 3.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,459,080 shares of the company’s stock after selling 84,106 shares during the period. Royce & Associates LP owned approximately 6.56% of Kimball International worth $48,616,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KBAL. Russell Investments Group Ltd. increased its holdings in shares of Kimball International by 31.1% in the second quarter. Russell Investments Group Ltd. now owns 289,436 shares of the company’s stock worth $4,831,000 after buying an additional 68,672 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of Kimball International in the second quarter worth about $119,000. Bessemer Group Inc. purchased a new position in shares of Kimball International in the second quarter worth about $242,000. Algert Global LLC increased its holdings in shares of Kimball International by 19.1% in the second quarter. Algert Global LLC now owns 80,862 shares of the company’s stock worth $1,350,000 after buying an additional 12,992 shares during the period. Finally, Cigna Investments Inc. New increased its holdings in shares of Kimball International by 5.8% in the second quarter. Cigna Investments Inc. New now owns 34,833 shares of the company’s stock worth $583,000 after buying an additional 1,923 shares during the period. Institutional investors and hedge funds own 61.46% of the company’s stock.
Separately, BidaskClub upgraded Kimball International from a “sell” rating to a “hold” rating in a report on Saturday, August 26th.
Kimball International (NASDAQ:KBAL) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter. Kimball International had a return on equity of 21.84% and a net margin of 5.64%. The company had revenue of $169.52 million for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 22nd will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.28 dividend on an annualized basis and a yield of 1.55%. Kimball International’s dividend payout ratio is presently 28.28%.
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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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