American Century Companies Inc. Buys New Stake in Kimball International, Inc. (KBAL)
American Century Companies Inc. bought a new position in shares of Kimball International, Inc. (NASDAQ:KBAL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,321 shares of the company’s stock, valued at approximately $263,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KBAL. Renaissance Technologies LLC boosted its position in Kimball International by 21.7% during the second quarter. Renaissance Technologies LLC now owns 1,308,991 shares of the company’s stock worth $21,847,000 after purchasing an additional 233,800 shares in the last quarter. Walthausen & Co. LLC boosted its position in Kimball International by 92.4% during the second quarter. Walthausen & Co. LLC now owns 458,953 shares of the company’s stock worth $7,660,000 after purchasing an additional 220,460 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Kimball International by 69.8% during the second quarter. Goldman Sachs Group Inc. now owns 490,566 shares of the company’s stock worth $8,187,000 after purchasing an additional 201,663 shares in the last quarter. AJO LP purchased a new stake in Kimball International during the second quarter worth $2,750,000. Finally, Vanguard Group Inc. boosted its position in Kimball International by 7.9% during the second quarter. Vanguard Group Inc. now owns 2,108,016 shares of the company’s stock worth $35,182,000 after purchasing an additional 153,584 shares in the last quarter. Institutional investors own 61.33% of the company’s stock.
Shares of Kimball International, Inc. (NASDAQ:KBAL) opened at $18.08 on Friday. The company has a market capitalization of $658.58, a price-to-earnings ratio of 18.73 and a beta of 1.46. Kimball International, Inc. has a 12-month low of $15.40 and a 12-month high of $20.97.
Kimball International (NASDAQ:KBAL) last issued its quarterly earnings data 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 business had revenue of $169.52 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 22nd will be given a $0.07 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.55%. Kimball International’s dividend payout ratio is currently 28.28%.
Separately, BidaskClub upgraded Kimball International from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.
Kimball International Company 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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