Valeo Financial Advisors LLC boosted its stake in Kimball International Inc (NASDAQ:KBAL) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,226 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Kimball International were worth $658,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KBAL. Bank of New York Mellon Corp increased its position in shares of Kimball International by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 390,294 shares of the company’s stock valued at $7,717,000 after purchasing an additional 12,938 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Kimball International during the 3rd quarter valued at $992,000. PEAK6 Investments L.P. purchased a new stake in shares of Kimball International during the 3rd quarter valued at $609,000. Citadel Advisors LLC increased its position in shares of Kimball International by 127.2% during the 3rd quarter. Citadel Advisors LLC now owns 30,369 shares of the company’s stock valued at $600,000 after purchasing an additional 17,002 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Kimball International by 66.9% during the 3rd quarter. Bessemer Group Inc. now owns 24,200 shares of the company’s stock valued at $478,000 after purchasing an additional 9,700 shares during the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.
Shares of Kimball International Inc (NASDAQ:KBAL) opened at $16.71 on Tuesday. Kimball International Inc has a 12-month low of $15.40 and a 12-month high of $20.97. The stock has a market capitalization of $626.36, a price-to-earnings ratio of 15.62 and a beta of 1.49.
Kimball International (NASDAQ:KBAL) last announced its earnings results on Wednesday, January 31st. The company reported $0.31 earnings per share (EPS) for the quarter. Kimball International had a return on equity of 22.51% and a net margin of 5.41%. The firm had revenue of $173.67 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 23rd will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, March 22nd. This represents a $0.28 annualized dividend and a dividend yield of 1.68%. Kimball International’s payout ratio is 29.17%.
Separately, BidaskClub lowered Kimball International from a “hold” rating to a “sell” rating in a research report on Friday, February 9th.
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Kimball International 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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