Ancora Advisors LLC decreased its position in Kimball International Inc (NASDAQ:KBAL) by 11.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 261,650 shares of the company’s stock after selling 32,241 shares during the period. Ancora Advisors LLC’s holdings in Kimball International were worth $3,713,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the business. Royce & Associates LP raised its stake in shares of Kimball International by 9.5% in the third quarter. Royce & Associates LP now owns 3,088,166 shares of the company’s stock worth $51,727,000 after buying an additional 268,045 shares during the period. BlackRock Inc. raised its stake in shares of Kimball International by 0.7% in the fourth quarter. BlackRock Inc. now owns 2,542,802 shares of the company’s stock worth $36,083,000 after buying an additional 18,321 shares during the period. Renaissance Technologies LLC raised its stake in shares of Kimball International by 6.9% in the third quarter. Renaissance Technologies LLC now owns 2,455,779 shares of the company’s stock worth $41,134,000 after buying an additional 158,439 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Kimball International by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,167,918 shares of the company’s stock worth $30,763,000 after buying an additional 13,105 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Kimball International by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,035,517 shares of the company’s stock worth $34,095,000 after buying an additional 11,306 shares during the period. 62.20% of the stock is currently owned by institutional investors.
NASDAQ KBAL opened at $13.82 on Friday. Kimball International Inc has a 52 week low of $13.49 and a 52 week high of $18.14. The stock has a market capitalization of $541.49 million, a PE ratio of 14.60 and a beta of 0.91.
Kimball International (NASDAQ:KBAL) last posted its quarterly earnings data on Monday, February 4th. The company reported $0.26 EPS for the quarter. Kimball International had a return on equity of 19.31% and a net margin of 4.93%. The firm had revenue of $201.01 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, March 25th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, March 22nd.
Separately, BidaskClub downgraded Kimball International from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd.
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Kimball International Company 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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