Kimball International Inc (NASDAQ:KBAL) Shares Sold by Russell Investments Group Ltd.

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Russell Investments Group Ltd. lessened its stake in shares of Kimball International Inc (NASDAQ:KBAL) by 21.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,629 shares of the company’s stock after selling 50,613 shares during the period. Russell Investments Group Ltd. owned about 0.51% of Kimball International worth $3,031,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KBAL. Punch & Associates Investment Management Inc. lifted its holdings in shares of Kimball International by 87.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 595,050 shares of the company’s stock worth $10,140,000 after buying an additional 277,411 shares during the last quarter. Northern Trust Corp raised its stake in shares of Kimball International by 1.2% in the first quarter. Northern Trust Corp now owns 460,875 shares of the company’s stock valued at $7,853,000 after purchasing an additional 5,457 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Kimball International by 15.3% in the first quarter. Loomis Sayles & Co. L P now owns 459,619 shares of the company’s stock valued at $7,832,000 after purchasing an additional 60,837 shares in the last quarter. BKD Wealth Advisors LLC raised its stake in shares of Kimball International by 2,262.9% in the first quarter. BKD Wealth Advisors LLC now owns 447,651 shares of the company’s stock valued at $7,628,000 after purchasing an additional 428,706 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Kimball International by 17.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 321,517 shares of the company’s stock valued at $5,479,000 after purchasing an additional 47,420 shares in the last quarter. 63.42% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the company. BidaskClub cut Kimball International from a “hold” rating to a “sell” rating in a research report on Saturday, September 29th. ValuEngine cut Kimball International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

Shares of KBAL stock traded down $0.37 during trading hours on Friday, hitting $15.68. 114,845 shares of the company’s stock were exchanged, compared to its average volume of 95,568. The stock has a market capitalization of $622.45 million, a PE ratio of 16.11 and a beta of 1.39. Kimball International Inc has a 52 week low of $15.40 and a 52 week high of $20.97.

Kimball International (NASDAQ:KBAL) last announced its earnings results on Wednesday, August 1st. The company reported $0.28 EPS for the quarter. The company had revenue of $184.51 million for the quarter. Kimball International had a return on equity of 20.56% and a net margin of 5.02%.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, September 25th will be issued a $0.08 dividend. This is a boost from Kimball International’s previous quarterly dividend of $0.07. The ex-dividend date is Monday, September 24th. This represents a $0.32 annualized dividend and a yield of 2.04%.

Kimball International Company Profile

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.

Read More: Market Capitalization – What it Means for Investors

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

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