Hedge Funds Are Betting On Kimball International (KBALB)

Page 1 of 2

Kimball International (NASDAQ:KBALB) was in 11 hedge funds’ portfolio at the end of the first quarter of 2013. KBALB has experienced an increase in activity from the world’s largest hedge funds in recent months. There were 10 hedge funds in our database with KBALB holdings at the end of the previous quarter.

In the financial world, there are a multitude of gauges market participants can use to analyze publicly traded companies. A duo of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best money managers can beat the S&P 500 by a superb amount (see just how much).

Equally as key, bullish insider trading activity is a second way to break down the financial markets. Obviously, there are plenty of stimuli for an insider to downsize shares of his or her company, but only one, very clear reason why they would buy. Many empirical studies have demonstrated the useful potential of this strategy if piggybackers know where to look (learn more here).

With these “truths” under our belt, we’re going to take a look at the key action surrounding Kimball International (NASDAQ:KBALB).

How have hedgies been trading Kimball International (NASDAQ:KBALB)?

At Q1′s end, a total of 11 of the hedge funds we track were bullish in this stock, a change of 10% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were increasing their holdings significantly.

Kimball International (NASDAQ:KBALB)Of the funds we track, Chuck Royce’s Royce & Associates had the most valuable position in Kimball International (NASDAQ:KBALB), worth close to $9.2 million, accounting for less than 0.1%% of its total 13F portfolio. The second largest stake is held by Renaissance Technologies, managed by Jim Simons, which held a $3 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Some other hedge funds that are bullish include Ken Griffin’s Citadel Investment Group, Israel Englander’s Millennium Management and Joel Greenblatt’s Gotham Asset Management.

As industrywide interest jumped, key hedge funds have jumped into Kimball International (NASDAQ:KBALB) headfirst. Highbridge Capital Management, managed by Glenn Russell Dubin, established the most outsized position in Kimball International (NASDAQ:KBALB). Highbridge Capital Management had 0.2 million invested in the company at the end of the quarter. Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners also initiated a $0.1 million position during the quarter. The only other fund with a brand new KBALB position is Neil Chriss’s Hutchin Hill Capital.

How have insiders been trading Kimball International (NASDAQ:KBALB)?

Insider buying is at its handiest when the company in question has seen transactions within the past half-year. Over the last 180-day time period, Kimball International (NASDAQ:KBALB) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Kimball International (NASDAQ:KBALB). These stocks are Plexus Corp. (NASDAQ:PLXS), TTM Technologies, Inc. (NASDAQ:TTMI), Park Electrochemical Corp. (NYSE:PKE), and Multi-Fineline Electronix, Inc. (NASDAQ:MFLX). This group of stocks are in the printed circuit boards industry and their market caps match KBALB’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!