Walthausen & Co. LLC decreased its position in Kimball International Inc (NASDAQ:KBAL) by 5.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 342,333 shares of the company’s stock after selling 20,920 shares during the period. Walthausen & Co. LLC’s holdings in Kimball International were worth $4,841,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KBAL. Quantamental Technologies LLC purchased a new stake in Kimball International in the 4th quarter valued at about $26,000. Founders Capital Management purchased a new stake in shares of Kimball International during the 1st quarter worth approximately $28,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Kimball International during the 4th quarter worth approximately $83,000. Legal & General Group Plc increased its stake in shares of Kimball International by 21.4% during the 4th quarter. Legal & General Group Plc now owns 6,773 shares of the company’s stock worth $97,000 after purchasing an additional 1,194 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Kimball International by 5,321.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,481 shares of the company’s stock worth $106,000 after purchasing an additional 7,343 shares during the last quarter. Hedge funds and other institutional investors own 63.84% of the company’s stock.

Shares of KBAL stock traded up $0.11 during trading hours on Monday, hitting $15.55. 738 shares of the company were exchanged, compared to its average volume of 85,820. Kimball International Inc has a 52-week low of $13.49 and a 52-week high of $18.14. The firm has a market cap of $566.97 million, a P/E ratio of 14.30 and a beta of 0.89.

Kimball International (NASDAQ:KBAL) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter. Kimball International had a net margin of 5.08% and a return on equity of 19.93%. The company had revenue of $177.37 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 25th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, June 24th. This represents a $0.32 annualized dividend and a dividend yield of 2.06%.

Separately, BidaskClub upgraded shares of Kimball International from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 9th.

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Kimball International Profile

Kimball International, Inc designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.

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Institutional Ownership by Quarter for Kimball International (NASDAQ:KBAL)

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