Kimball International Sees Unusually High Options Volume (KBAL)

Kimball International, Inc. (NASDAQ:KBAL) was the target of unusually large options trading activity on Friday. Traders acquired 1,008 call options on the company. This is an increase of Infinity compared to the typical daily volume of 0 call options.

Several large investors have recently bought and sold shares of KBAL. Renaissance Technologies LLC grew its stake in Kimball International by 21.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,308,991 shares of the company’s stock valued at $21,847,000 after acquiring an additional 233,800 shares during the last quarter. Walthausen & Co. LLC grew its stake in Kimball International by 92.4% in the 2nd quarter. Walthausen & Co. LLC now owns 458,953 shares of the company’s stock valued at $7,660,000 after acquiring an additional 220,460 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Kimball International by 69.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 490,566 shares of the company’s stock valued at $8,187,000 after acquiring an additional 201,663 shares during the last quarter. AJO LP acquired a new stake in Kimball International in the 2nd quarter valued at about $2,750,000. Finally, Vanguard Group Inc. grew its stake in Kimball International by 7.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,108,016 shares of the company’s stock valued at $35,182,000 after acquiring an additional 153,584 shares during the last quarter. 61.61% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub raised shares of Kimball International from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th.

Kimball International (NASDAQ:KBAL) opened at $17.95 on Wednesday. Kimball International has a 12 month low of $14.02 and a 12 month high of $20.97. The firm has a market cap of $689.41, a price-to-earnings ratio of 18.59 and a beta of 1.49.

Kimball International (NASDAQ:KBAL) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 earnings per share for the quarter. Kimball International had a net margin of 5.64% and a return on equity of 21.84%. The business had revenue of $169.52 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.56%. Kimball International’s dividend payout ratio (DPR) 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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