GSA Capital Partners LLP decreased its stake in Kimball International, Inc. (NASDAQ:KBAL – Get Rating) by 35.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,213 shares of the company's stock after selling 15,816 shares during the period. GSA Capital Partners LLP owned 0.08% of Kimball International worth $238,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Brandes Investment Partners LP acquired a new stake in Kimball International during the 1st quarter worth $523,000. Cornercap Investment Counsel Inc. acquired a new stake in Kimball International during the 1st quarter worth $487,000. Swiss National Bank boosted its stake in Kimball International by 6.8% during the 1st quarter. Swiss National Bank now owns 86,400 shares of the company's stock worth $730,000 after purchasing an additional 5,500 shares during the period. Russell Investments Group Ltd. boosted its stake in Kimball International by 15.4% during the 1st quarter. Russell Investments Group Ltd. now owns 975,814 shares of the company's stock worth $8,243,000 after purchasing an additional 130,086 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Kimball International by 14.8% during the 1st quarter. Victory Capital Management Inc. now owns 140,651 shares of the company's stock worth $1,189,000 after purchasing an additional 18,151 shares during the period. Institutional investors and hedge funds own 65.59% of the company's stock.
Get Kimball International alerts:Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Kimball International from a "hold" rating to a "buy" rating in a research note on Tuesday, August 9th.
Kimball International Stock Down 2.8 %
Shares of Kimball International stock opened at $7.65 on Thursday. The company has a market cap of $281.46 million, a P/E ratio of -17.79 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.79 and a current ratio of 1.37. Kimball International, Inc. has a one year low of $7.49 and a one year high of $12.79. The firm has a fifty day moving average of $8.09 and a two-hundred day moving average of $8.38.Kimball International Announces Dividend
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 4.71%. Kimball International's payout ratio is currently -83.72%.
Kimball International 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. The company 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 commercial and residential mixed use developments.
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