StockNews.com Begins Coverage on Kimball International (NASDAQ:KBAL)

StockNews.com began coverage on shares of Kimball International (NASDAQ:KBAL – Get Rating) in a research note issued on Thursday. The brokerage set a “buy” rating on the stock.

Kimball International Stock Performance

Shares of KBAL stock opened at $12.55 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 1.43. The stock has a fifty day moving average price of $11.86 and a 200 day moving average price of $8.71. The stock has a market cap of $456.95 million, a PE ratio of -23.24, a P/E/G ratio of 2.36 and a beta of 1.10. Kimball International has a 1 year low of $6.11 and a 1 year high of $12.67.

Hedge Funds Weigh In On Kimball International

Several hedge funds have recently bought and sold shares of KBAL. Quantbot Technologies LP grew its position 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 purchasing an additional 2,100 shares during the period. Nisa Investment Advisors LLC grew its position in Kimball International by 1,701.4% during the first quarter. Nisa Investment Advisors LLC now owns 2,630 shares of the company’s stock valued at $33,000 after acquiring an additional 2,484 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Kimball International by 586.5% during the third quarter. Tower Research Capital LLC TRC now owns 7,593 shares of the company’s stock worth $48,000 after purchasing an additional 6,487 shares in the last quarter. German American Bancorp Inc. acquired a new position in shares of Kimball International during the third quarter worth about $64,000. Finally, Lakewood Asset Management LLC acquired a new position in shares of Kimball International during the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 65.11% of the company’s stock.

Kimball International Company Profile

(Get Rating)

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.