Royce & Associates LP increased its holdings in shares of Kimball International Inc (NASDAQ:KBAL) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,780,069 shares of the company’s stock after acquiring an additional 320,989 shares during the period. Royce & Associates LP owned approximately 7.42% of Kimball International worth $51,904,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Kimball International in the fourth quarter valued at $104,000. Royal Bank of Canada lifted its position in Kimball International by 3.0% during the second quarter. Royal Bank of Canada now owns 11,236 shares of the company’s stock worth $187,000 after buying an additional 332 shares during the period. AHL Partners LLP purchased a new position in Kimball International during the second quarter worth about $193,000. Teacher Retirement System of Texas acquired a new stake in Kimball International during the fourth quarter worth about $239,000. Finally, American Century Companies Inc. acquired a new stake in Kimball International during the third quarter worth about $263,000. 62.63% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub upgraded Kimball International from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th.
Shares of Kimball International Inc (KBAL) opened at $17.72 on Tuesday. Kimball International Inc has a 12 month low of $15.40 and a 12 month high of $20.97. The firm has a market capitalization of $658.97, a P/E ratio of 18.31 and a beta of 1.57.
Kimball International (NASDAQ:KBAL) last released its earnings results on Wednesday, January 31st. The company reported $0.31 EPS for the quarter. Kimball International had a return on equity of 22.51% and a net margin of 5.41%. The company had revenue of $173.67 million for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 23rd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, March 22nd. Kimball International’s dividend payout ratio (DPR) is 29.17%.
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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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