BidaskClub upgraded shares of Kimball International, Inc. (NASDAQ:KBAL) from a strong sell rating to a sell rating in a research report released on Saturday morning.

Kimball International (NASDAQ KBAL) opened at 16.75 on Friday. The stock has a market cap of $624.12 million, a price-to-earnings ratio of 16.92 and a beta of 1.54. Kimball International has a 1-year low of $11.86 and a 1-year high of $18.94. The stock has a 50 day moving average of $16.62 and a 200 day moving average of $16.93.

Kimball International (NASDAQ:KBAL) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.05. Kimball International had a net margin of 5.60% and a return on equity of 22.62%. The company had revenue of $171.98 million during the quarter. Equities analysts expect that Kimball International will post $0.69 earnings per share for the current year.

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In other news, CEO Robert F. Schneider sold 31,790 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was 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 owns 280,621 shares in the company, valued at approximately $4,503,967.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Winkle Donald W. Van sold 64,352 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $17.37, for a total value of $1,117,794.24. Following the sale, the president now owns 104,195 shares of the company’s stock, valued at approximately $1,809,867.15. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Kimball International by 3.4% in the second quarter. Public Employees Retirement System of Ohio now owns 27,144 shares of the company’s stock worth $453,000 after buying an additional 901 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Kimball International during the second quarter worth about $889,000. Walthausen & Co. LLC boosted its stake in shares of Kimball International by 92.4% in the second quarter. Walthausen & Co. LLC now owns 458,953 shares of the company’s stock worth $7,660,000 after buying an additional 220,460 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Kimball International by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 30,133 shares of the company’s stock worth $503,000 after buying an additional 900 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Kimball International by 21.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 331,072 shares of the company’s stock worth $5,526,000 after buying an additional 59,200 shares during the last quarter. Institutional investors and hedge funds own 61.58% of the company’s stock.

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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