Parametric Portfolio Associates LLC Raises Stake in Kimball International, Inc. (KBAL)

Parametric Portfolio Associates LLC boosted its holdings in Kimball International, Inc. (NASDAQ:KBAL) by 19.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,955 shares of the company’s stock after acquiring an additional 10,088 shares during the quarter. Parametric Portfolio Associates LLC owned 0.16% of Kimball International worth $1,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chicago Equity Partners LLC lifted its position in Kimball International by 221.4% in the 2nd quarter. Chicago Equity Partners LLC now owns 49,200 shares of the company’s stock valued at $821,000 after acquiring an additional 33,890 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in Kimball International in the 2nd quarter valued at about $1,116,000. Martingale Asset Management L P bought a new position in Kimball International in the 2nd quarter valued at about $1,532,000. Alliancebernstein L.P. lifted its position in Kimball International by 5.5% in the 2nd quarter. Alliancebernstein L.P. now owns 204,100 shares of the company’s stock valued at $3,406,000 after acquiring an additional 10,620 shares in the last quarter. Finally, AJO LP bought a new position in Kimball International in the 2nd quarter valued at about $2,750,000. 61.61% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub raised shares of Kimball International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th.

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Kimball International, Inc. (KBAL) opened at $18.11 on Friday. Kimball International, Inc. has a 1 year low of $14.53 and a 1 year high of $20.97. The firm has a market cap of $672.55, a PE ratio of 18.13 and a beta of 1.49.

Kimball International (NASDAQ:KBAL) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 earnings per share for the quarter. Kimball International had a net margin of 5.64% and a return on equity of 21.84%. The business had revenue of $169.52 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 22nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.28 annualized dividend and a yield of 1.55%. Kimball International’s payout ratio is 28.28%.

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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Institutional Ownership by Quarter for Kimball International (NASDAQ:KBAL)

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