Kimball International, Inc. (KBAL) Holdings Lifted by Royal Bank of Canada
Royal Bank of Canada grew its position in Kimball International, Inc. (NASDAQ:KBAL) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,236 shares of the company’s stock after buying an additional 332 shares during the quarter. Royal Bank of Canada’s holdings in Kimball International were worth $187,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Kimball International by 1,322.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the company’s stock worth $105,000 after buying an additional 5,859 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Kimball International in the second quarter worth about $119,000. Legal & General Group Plc boosted its holdings in shares of Kimball International by 3.8% in the second quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock worth $168,000 after buying an additional 366 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Kimball International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock worth $176,000 after buying an additional 1,578 shares during the period. Finally, AHL Partners LLP acquired a new position in shares of Kimball International in the second quarter worth about $193,000. Institutional investors own 60.67% of the company’s stock.
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Shares of Kimball International, Inc. (NASDAQ:KBAL) opened at $17.83 on Friday. The company has a market cap of $668.05, a P/E ratio of 18.01 and a beta of 1.49. Kimball International, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $20.97.
Kimball International (NASDAQ:KBAL) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 EPS for the quarter. The business had revenue of $169.52 million during the quarter. Kimball International had a net margin of 5.64% and a return on equity of 21.84%.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 22nd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, December 21st. Kimball International’s dividend payout ratio is currently 28.28%.
Separately, BidaskClub cut shares of Kimball International from a “sell” rating to a “strong sell” rating in a report 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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