Equities researchers at StockNews.com assumed coverage on shares of Kimball International (NASDAQ:KBAL – Get Rating) in a research report issued on Tuesday. The firm set a "buy" rating on the stock.
Kimball International Stock Down 0.1 %
Shares of NASDAQ:KBAL opened at $12.32 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.66 and a debt-to-equity ratio of 0.34. Kimball International has a 12 month low of $6.11 and a 12 month high of $12.63. The company has a 50-day moving average price of $10.59 and a 200 day moving average price of $8.23. The company has a market cap of $448.60 million, a price-to-earnings ratio of -23.69, a PEG ratio of 2.34 and a beta of 1.10.
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Kimball International (NASDAQ:KBAL – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Kimball International had a negative net margin of 2.62% and a positive return on equity of 11.87%. The business had revenue of $182.95 million during the quarter, compared to the consensus estimate of $179.40 million. As a group, equities research analysts predict that Kimball International will post 0.44 earnings per share for the current year.
Institutional Trading of Kimball International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in Kimball International by 10.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,268,714 shares of the company's stock worth $7,977,000 after purchasing an additional 123,307 shares during the period. Ronald Blue Trust Inc. increased its position in shares of Kimball International by 7.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 54,122 shares of the company's stock worth $340,000 after acquiring an additional 3,553 shares during the period. ExodusPoint Capital Management LP purchased a new position in shares of Kimball International during the third quarter worth approximately $72,000. Boothbay Fund Management LLC increased its position in shares of Kimball International by 46.3% during the third quarter. Boothbay Fund Management LLC now owns 15,588 shares of the company's stock worth $98,000 after acquiring an additional 4,931 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in shares of Kimball International by 4.3% during the third quarter. Gamco Investors INC. ET AL now owns 241,050 shares of the company's stock worth $1,516,000 after acquiring an additional 10,000 shares during the period. 65.11% of the stock is owned by hedge funds and other institutional investors.
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.
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