Kimball International (NASDAQ:KBAL) Sets New 12-Month High at $18.76
Kimball International Inc (NASDAQ:KBAL)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $18.76 and last traded at $18.54, with a volume of 5261 shares trading hands. The stock had previously closed at $18.65.
KBAL has been the topic of several research analyst reports. ValuEngine lowered shares of Kimball International from a “hold” rating to a “sell” rating in a research report on Monday, August 26th. BidaskClub upgraded shares of Kimball International from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th.
The stock has a market capitalization of $671.48 million, a P/E ratio of 16.23 and a beta of 0.94. The company’s fifty day simple moving average is $17.42 and its two-hundred day simple moving average is $16.24.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 25th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from Kimball International’s previous quarterly dividend of $0.08.
A number of large investors have recently added to or reduced their stakes in KBAL. Quantamental Technologies LLC increased its position in Kimball International by 55.7% during the 2nd quarter. Quantamental Technologies LLC now owns 2,066 shares of the company’s stock worth $36,000 after buying an additional 739 shares during the period. US Bancorp DE boosted its holdings in Kimball International by 11.5% in the 2nd quarter. US Bancorp DE now owns 9,362 shares of the company’s stock valued at $163,000 after purchasing an additional 962 shares during the period. Swiss National Bank boosted its holdings in Kimball International by 1.5% in the 2nd quarter. Swiss National Bank now owns 67,800 shares of the company’s stock valued at $1,182,000 after purchasing an additional 1,000 shares during the period. Captrust Financial Advisors bought a new stake in Kimball International in the 2nd quarter valued at about $28,000. Finally, Meeder Asset Management Inc. grew its position in shares of Kimball International by 15.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 21,139 shares of the company’s stock worth $369,000 after purchasing an additional 2,752 shares in the last quarter. 66.25% of the stock is owned by institutional investors and hedge funds.
About Kimball International (NASDAQ:KBAL)
Kimball International, Inc designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.
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