5 Stocks Michael Burry Is Selling

4. Kimball International, Inc. (NASDAQ: KBAL)

Number of Hedge Fund Holders: 16  

Kimball International, Inc. (NASDAQ: KBAL) is placed fourth on our list of 10 stocks Michael Burry is selling. The stock has returned 15% to investors in the past twelve months. The company makes and sells furniture products around the world. On May 4, the firm posted quarterly earnings results for the third quarter, reporting earnings per share of -$0.03, missing market predictions by $0.07. The revenue for the period was $138 million, down 22% year-on-year and missing market estimates by more than $3.5 million. Burry, perhaps sensing the disappointing earnings, sold his entire stake in the company during the first three months of 2021.  

Kimball International, Inc. (NASDAQ: KBAL) is also a solid option for investors who want to retire early as the firm pays a regular and healthy dividend. On April 26, the firm declared a quarterly dividend of $0.09 per share, in line with previous. The forward yield was 2.5%. 

At the end of the first quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $478 million in Kimball International, Inc. (NASDAQ: KBAL), down from 18 in the preceding quarter worth $627 million.