California State Teachers Retirement System decreased its stake in shares of Kimball International, Inc. (NASDAQ:KBAL) by 11.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,636 shares of the company’s stock after selling 8,100 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Kimball International worth $1,079,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in Kimball International by 1,322.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the company’s stock valued at $105,000 after purchasing an additional 5,859 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Kimball International in the second quarter worth $119,000. Legal & General Group Plc increased its stake in shares of Kimball International by 3.8% in the second quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock worth $168,000 after acquiring an additional 366 shares during the period. Victory Capital Management Inc. increased its stake in shares of Kimball International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock worth $176,000 after acquiring an additional 1,578 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Kimball International by 3.0% in the second quarter. Royal Bank of Canada now owns 11,236 shares of the company’s stock worth $187,000 after acquiring an additional 332 shares during the period. Institutional investors and hedge funds own 61.46% of the company’s stock.
Separately, BidaskClub upgraded shares of Kimball International from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th.
Shares of Kimball International, Inc. (NASDAQ KBAL) opened at $18.25 on Tuesday. The firm has a market cap of $677.42, a price-to-earnings ratio of 18.26 and a beta of 1.46. Kimball International, Inc. has a 52 week low of $15.40 and a 52 week high of $20.97.
Kimball International (NASDAQ:KBAL) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.29 earnings per share for the quarter. The firm had revenue of $169.52 million for the quarter. Kimball International had a net margin of 5.64% and a return on equity of 21.84%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 22nd will be paid a $0.07 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.53%. Kimball International’s payout ratio is currently 28.28%.
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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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