StockNews.com downgraded shares of Kimball International (NASDAQ:KBAL – Get Rating) from a buy rating to a hold rating in a research note published on Monday.
Kimball International Stock Performance
Shares of Kimball International stock opened at $6.59 on Monday. The firm has a market capitalization of $242.29 million, a P/E ratio of -15.33 and a beta of 0.90. The company has a quick ratio of 0.80, a current ratio of 1.45 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $7.69 and a 200 day moving average price of $8.01. Kimball International has a 52 week low of $6.29 and a 52 week high of $11.80.
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Kimball International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 23rd will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Thursday, September 22nd. Kimball International's dividend payout ratio is presently -83.72%.
Hedge Funds Weigh In On Kimball International
A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in Kimball International by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,785,162 shares of the company's stock worth $13,692,000 after buying an additional 7,286 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Kimball International by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,749,373 shares of the company's stock worth $14,783,000 after buying an additional 34,871 shares during the last quarter. Russell Investments Group Ltd. raised its position in Kimball International by 17.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,145,407 shares of the company's stock worth $8,783,000 after buying an additional 169,593 shares during the last quarter. EVR Research LP purchased a new position in Kimball International during the 1st quarter worth approximately $5,407,000. Finally, Invesco Ltd. raised its position in Kimball International by 1.8% during the 1st quarter. Invesco Ltd. now owns 601,308 shares of the company's stock worth $5,080,000 after buying an additional 10,557 shares during the last quarter. 65.59% of the stock is owned by hedge funds and other institutional investors.
Kimball International Company Profile
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Kimball International, Inc engages in the manufacture and sale of furniture products under the Kimball, National, Etc., Interwoven, Kimball Hospitality, D'style, and Poppin brands in the United States and internationally. It offers desks/workstations, benching, seating, lounge, storage, tables, and casegoods for collaborative and open workspaces, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas; and headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and mixed use commercial and residential developments.
Further Reading
- Get a free copy of the StockNews.com research report on Kimball International (KBAL)
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