Kimball International (NASDAQ:KBAL) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Kimball International (NASDAQ:KBAL – Get Rating) in a report published on Thursday. The firm issued a buy rating on the stock.

Separately, Benchmark began coverage on shares of Kimball International in a research note on Tuesday, November 29th. They issued a buy rating and a $80.00 price objective on the stock.

Kimball International Price Performance

NASDAQ:KBAL traded down $0.04 during midday trading on Thursday, hitting $12.26. 2,912,414 shares of the company were exchanged, compared to its average volume of 1,081,708. The company has a fifty day simple moving average of $7.96 and a 200 day simple moving average of $7.26. Kimball International has a fifty-two week low of $6.11 and a fifty-two week high of $12.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.43 and a quick ratio of 0.66.

Kimball International (NASDAQ:KBAL – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $182.95 million during the quarter, compared to analyst estimates of $179.40 million. Kimball International had a negative net margin of 2.62% and a positive return on equity of 11.87%. Research analysts expect that Kimball International will post 0.44 EPS for the current fiscal year.

Kimball International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 24th will be paid a $0.09 dividend. The ex-dividend date is Thursday, March 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.94%. Kimball International’s dividend payout ratio is presently -69.23%.

Institutional Trading of Kimball International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP boosted its holdings in shares of Kimball International by 123.5% in the second quarter. Quantbot Technologies LP now owns 3,800 shares of the company’s stock valued at $29,000 after acquiring an additional 2,100 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Kimball International by 586.5% in the third quarter. Tower Research Capital LLC TRC now owns 7,593 shares of the company’s stock valued at $48,000 after acquiring an additional 6,487 shares in the last quarter. German American Bancorp Inc. purchased a new stake in shares of Kimball International in the third quarter valued at about $64,000. Lakewood Asset Management LLC purchased a new stake in shares of Kimball International in the fourth quarter valued at about $70,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Kimball International in the third quarter valued at about $72,000. Hedge funds and other institutional investors own 65.11% of the company’s stock.

About Kimball International

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Kimball International, Inc engages in the design and sale of furniture products and services. The firm focuses on commercial, hospitality, healthcare, education, government, and finance markets. It distributes its product under the Kimball, National, and Kimball Hospitality brands. It operates through the following business units: Workplace, Health, Hospitality, and eBusiness.