International Assets Investment Management LLC Takes Position in Ethan Allen Interiors Inc. (NYSE:ETD)

International Assets Investment Management LLC bought a new stake in Ethan Allen Interiors Inc. (NYSE:ETD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 21,047 shares of the company’s stock, valued at approximately $660,000. International Assets Investment Management LLC owned about 0.08% of Ethan Allen Interiors at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Joule Financial LLC lifted its stake in shares of Ethan Allen Interiors by 11.4% in the 3rd quarter. Joule Financial LLC now owns 17,734 shares of the company’s stock valued at $566,000 after acquiring an additional 1,818 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at about $92,000. Wedge Capital Management L L P NC raised its position in Ethan Allen Interiors by 15.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 31,288 shares of the company’s stock valued at $998,000 after purchasing an additional 4,133 shares during the last quarter. Unison Advisors LLC raised its position in Ethan Allen Interiors by 1.4% during the 3rd quarter. Unison Advisors LLC now owns 29,677 shares of the company’s stock valued at $946,000 after purchasing an additional 421 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Ethan Allen Interiors during the 3rd quarter valued at approximately $605,000. Institutional investors own 83.80% of the company’s stock.

Insider Buying and Selling at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $30.87, for a total transaction of $308,700.00. Following the transaction, the chief executive officer now owns 1,698,905 shares in the company, valued at approximately $52,445,197.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 30,000 shares of company stock valued at $929,700 in the last 90 days. Insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Price Performance

ETD opened at $27.98 on Wednesday. The business has a 50 day simple moving average of $30.41 and a two-hundred day simple moving average of $29.64. The firm has a market capitalization of $711.53 million, a price-to-earnings ratio of 11.33 and a beta of 1.27. Ethan Allen Interiors Inc. has a one year low of $25.33 and a one year high of $35.62.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors’s payout ratio is 63.16%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, October 31st.

Ethan Allen Interiors Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.