Kimball International (NASDAQ:KBAL) Rating Increased to Hold at BidaskClub

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BidaskClub upgraded shares of Kimball International (NASDAQ:KBAL) from a sell rating to a hold rating in a research note published on Thursday morning, BidAskClub reports.

KBAL stock opened at $17.58 on Thursday. Kimball International has a twelve month low of $13.49 and a twelve month high of $18.03. The stock has a market cap of $631.23 million, a P/E ratio of 15.35 and a beta of 0.93. The business’s 50-day moving average price is $17.23 and its 200-day moving average price is $15.95.

Kimball International (NASDAQ:KBAL) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.32 earnings per share for the quarter. Kimball International had a return on equity of 20.56% and a net margin of 5.12%. The firm had revenue of $195.57 million for the quarter.

Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new position in shares of Kimball International during the 2nd quarter valued at about $28,000. Quantamental Technologies LLC lifted its position in shares of Kimball International by 55.7% during the 2nd quarter. Quantamental Technologies LLC now owns 2,066 shares of the company’s stock valued at $36,000 after buying an additional 739 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Kimball International during the 2nd quarter valued at about $54,000. Legal & General Group Plc lifted its position 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 valued at $97,000 after buying an additional 1,194 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position 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 valued at $106,000 after buying an additional 7,343 shares in the last quarter. 64.04% of the stock is currently owned by hedge funds and other institutional investors.

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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