Kimball International (NASDAQ:KBAL) Downgraded to Sell at BidaskClub

BidaskClub downgraded shares of Kimball International (NASDAQ:KBAL) from a hold rating to a sell rating in a report released on Friday, March 22nd, BidAskClub reports.

KBAL traded up $0.02 on Friday, hitting $14.69. 59,548 shares of the stock were exchanged, compared to its average volume of 118,200. The stock has a market capitalization of $535.61 million, a price-to-earnings ratio of 14.45 and a beta of 0.90. Kimball International has a 12 month low of $13.49 and a 12 month high of $18.14.

Kimball International (NASDAQ:KBAL) last posted its earnings results on Monday, February 4th. The company reported $0.26 EPS for the quarter. The firm had revenue of $201.01 million during the quarter. Kimball International had a net margin of 4.93% and a return on equity of 19.31%.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 25th will be issued a $0.08 dividend. The ex-dividend date is Friday, March 22nd. This represents a $0.32 dividend on an annualized basis and a yield of 2.18%.

A number of hedge funds and other institutional investors have recently modified their holdings of KBAL. Quantamental Technologies LLC bought a new position in Kimball International in the 4th quarter valued at approximately $26,000. Oppenheimer Asset Management Inc. bought a new position in Kimball International in the 4th quarter valued at approximately $83,000. Legal & General Group Plc raised its holdings in Kimball International by 21.4% in the 4th quarter. Legal & General Group Plc now owns 6,773 shares of the company’s stock valued at $97,000 after buying an additional 1,194 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Kimball International by 403.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 12,074 shares of the company’s stock valued at $171,000 after buying an additional 9,675 shares during the last quarter. Finally, First Quadrant L P CA raised its holdings in Kimball International by 217.1% in the 4th quarter. First Quadrant L P CA now owns 17,598 shares of the company’s stock valued at $250,000 after buying an additional 12,049 shares during the last quarter. Institutional investors and hedge funds own 63.19% of the company’s stock.

About Kimball International

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: What is the quiet period?

Receive News & Ratings for Kimball International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball International and related companies with MarketBeat.com's FREE daily email newsletter.