Voya Investment Management LLC lifted its stake in Kimball International, Inc. (NASDAQ:KBAL) by 13.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,988 shares of the company’s stock after buying an additional 2,321 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of Kimball International worth $317,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Kimball International by 7.9% in the second quarter. Vanguard Group Inc. now owns 2,108,016 shares of the company’s stock worth $35,182,000 after buying an additional 153,584 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Kimball International by 21.7% in the second quarter. Renaissance Technologies LLC now owns 1,308,991 shares of the company’s stock worth $21,847,000 after buying an additional 233,800 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Kimball International by 18.3% in the second quarter. Bank of New York Mellon Corp now owns 377,356 shares of the company’s stock worth $6,298,000 after buying an additional 58,370 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Kimball International by 22.5% in the second quarter. TIAA CREF Investment Management LLC now owns 322,544 shares of the company’s stock worth $5,383,000 after buying an additional 59,199 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake 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 last quarter. Hedge funds and other institutional investors own 61.61% of the company’s stock.
Shares of Kimball International, Inc. (NASDAQ KBAL) opened at $17.64 on Tuesday. Kimball International, Inc. has a one year low of $13.60 and a one year high of $20.97. The company has a market capitalization of $689.41, a PE ratio of 18.59 and a beta of 1.49.
Kimball International (NASDAQ:KBAL) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $169.52 million for the quarter. Kimball International had a return on equity of 21.84% and a net margin of 5.64%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 22nd will be given 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 1.59%. Kimball International’s dividend payout ratio is currently 28.28%.
Separately, BidaskClub downgraded Kimball International from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.
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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