Nationwide Fund Advisors Has $701,000 Stake in Kimball International, Inc. (KBAL)
Nationwide Fund Advisors grew its stake in shares of Kimball International, Inc. (NASDAQ:KBAL) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,006 shares of the company’s stock after acquiring an additional 3,512 shares during the quarter. Nationwide Fund Advisors owned about 0.11% of Kimball International worth $701,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. bought a new position in shares of Kimball International during the second quarter valued at $642,000. TIAA CREF Investment Management LLC increased its holdings in shares of Kimball International by 22.5% during the second quarter. TIAA CREF Investment Management LLC now owns 322,544 shares of the company’s stock valued at $5,383,000 after acquiring an additional 59,199 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Kimball International by 3.3% during the second quarter. Teachers Advisors LLC now owns 133,471 shares of the company’s stock valued at $2,228,000 after acquiring an additional 4,319 shares in the last quarter. AJO LP bought a new position in shares of Kimball International during the second quarter valued at $2,750,000. Finally, Martingale Asset Management L P bought a new position in shares of Kimball International during the second quarter valued at $1,532,000. Hedge funds and other institutional investors own 61.81% of the company’s stock.
In related news, CEO Robert F. Schneider sold 31,790 shares of the company’s stock in a transaction on 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 directly 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 is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.
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Separately, BidaskClub downgraded Kimball International from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st.
Kimball International, Inc. (NASDAQ KBAL) opened at 19.30 on Tuesday. The stock’s 50 day moving average price is $19.35 and its 200 day moving average price is $17.67. Kimball International, Inc. has a one year low of $11.97 and a one year high of $20.97. The company has a market capitalization of $723.44 million, a P/E ratio of 19.49 and a beta of 1.50.
Kimball International (NASDAQ:KBAL) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $171.98 million during the quarter. Kimball International had a return on equity of 22.09% and a net margin of 5.60%. Equities analysts anticipate that Kimball International, Inc. will post $0.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, September 25th were paid a dividend of $0.07 per share. This is a boost 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 1.45%. The ex-dividend date was Friday, September 22nd. Kimball International’s dividend payout ratio is 28.28%.
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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