Kimball International, Inc. (NASDAQ:KBAL) Short Interest Update

Kimball International, Inc. (NASDAQ:KBALGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 781,900 shares, a growth of 52.3% from the March 31st total of 513,500 shares. Based on an average daily trading volume, of 178,800 shares, the days-to-cover ratio is presently 4.4 days. Currently, 2.2% of the shares of the stock are sold short.

KBAL opened at $7.68 on Friday. Kimball International has a one year low of $7.65 and a one year high of $14.86. The stock has a market capitalization of $282.55 million, a P/E ratio of -12.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.21 and a quick ratio of 0.68. The company’s 50 day simple moving average is $8.59 and its 200-day simple moving average is $9.77.

Kimball International (NASDAQ:KBALGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The company reported ($0.16) earnings per share (EPS) for the quarter. Kimball International had a negative net margin of 3.96% and a negative return on equity of 1.70%. The business had revenue of $151.40 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, June 24th will be paid a $0.09 dividend. The ex-dividend date is Thursday, June 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 4.69%. Kimball International’s payout ratio is presently -56.25%.

In related news, CFO Timothy J. Wolfe purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 16th. The shares were acquired at an average cost of $9.47 per share, with a total value of $47,350.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Citigroup Inc. boosted its stake in Kimball International by 57.6% in the third quarter. Citigroup Inc. now owns 4,940 shares of the company’s stock valued at $55,000 after acquiring an additional 1,805 shares during the last quarter. Deutsche Bank AG boosted its stake in Kimball International by 7.5% in the third quarter. Deutsche Bank AG now owns 32,066 shares of the company’s stock valued at $359,000 after acquiring an additional 2,227 shares during the last quarter. Credit Suisse AG boosted its stake in Kimball International by 8.8% in the third quarter. Credit Suisse AG now owns 27,759 shares of the company’s stock valued at $311,000 after acquiring an additional 2,249 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kimball International by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 94,396 shares of the company’s stock worth $966,000 after purchasing an additional 3,008 shares during the period. Finally, Bragg Financial Advisors Inc raised its holdings in Kimball International by 1.4% in the third quarter. Bragg Financial Advisors Inc now owns 229,933 shares of the company’s stock worth $2,575,000 after purchasing an additional 3,065 shares during the period. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com began coverage on shares of Kimball International in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Kimball International Company Profile (Get Rating)

Kimball International, Inc engages in the manufacture and sale of furniture products under the Kimball, National, Etc., Interwoven, Kimball Hospitality, D'style, and Poppin brands in the United States and internationally. The company offers desks/workstations, benching, seating, lounge, storage, tables, and casegoods for collaborative and open workspaces, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas; and headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.

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