Victory Capital Management Inc. Buys 1,578 Shares of Kimball International, Inc. (KBAL)
Victory Capital Management Inc. boosted its stake in shares of Kimball International, Inc. (NASDAQ:KBAL) by 17.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,534 shares of the company’s stock after buying an additional 1,578 shares during the quarter. Victory Capital Management Inc.’s holdings in Kimball International were worth $176,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in KBAL. Russell Investments Group Ltd. lifted its holdings in Kimball International by 31.1% during the 2nd 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. Bank of New York Mellon Corp raised its position in shares of Kimball International by 18.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 377,356 shares of the company’s stock worth $6,298,000 after acquiring an additional 58,370 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Kimball International by 37.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 186,235 shares of the company’s stock worth $3,109,000 after acquiring an additional 50,683 shares in the last quarter. Bowling Portfolio Management LLC raised its position in shares of Kimball International by 76.6% in the 2nd quarter. Bowling Portfolio Management LLC now owns 76,725 shares of the company’s stock worth $1,281,000 after acquiring an additional 33,288 shares in the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Kimball International in the 2nd quarter worth about $242,000. 63.11% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Robert F. Schneider sold 31,790 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $16.05, for a total transaction of $510,229.50. Following the completion of the sale, the chief executive officer now directly owns 280,621 shares in the company, valued at $4,503,967.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.
Kimball International, Inc. (NASDAQ KBAL) opened at 18.01 on Friday. The stock has a 50 day moving average price of $16.80 and a 200 day moving average price of $16.99. The company has a market capitalization of $675.09 million, a price-to-earnings ratio of 18.19 and a beta of 1.50. Kimball International, Inc. has a 52-week low of $11.97 and a 52-week high of $18.94.
Kimball International (NASDAQ:KBAL) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. Kimball International had a net margin of 5.60% and a return on equity of 22.09%. The business had revenue of $171.98 million during the quarter. Equities research analysts forecast that Kimball International, Inc. will post $0.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be issued a dividend of $0.07 per share. This is a positive change from Kimball International’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, September 22nd. Kimball International’s dividend payout ratio is currently 24.24%.
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Separately, BidaskClub raised Kimball International from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.
Kimball International Profile
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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