Assenagon Asset Management S.A. Purchases 4,267 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Assenagon Asset Management S.A. grew its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,792 shares of the company’s stock after purchasing an additional 4,267 shares during the period. Assenagon Asset Management S.A. owned about 0.30% of Ethan Allen Interiors worth $2,131,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in Ethan Allen Interiors during the third quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ethan Allen Interiors during the third quarter worth about $50,000. nVerses Capital LLC bought a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $92,000. Cim LLC grew its position in shares of Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after purchasing an additional 741 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Ethan Allen Interiors during the 3rd quarter worth approximately $216,000. 83.80% of the stock is owned by institutional investors.

Insider Transactions at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $28.67, for a total value of $286,700.00. Following the completion of the transaction, the chief executive officer now owns 1,651,905 shares in the company, valued at $47,360,116.35. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.48% of the stock is currently owned by insiders.

Ethan Allen Interiors Stock Performance

NYSE:ETD opened at $28.23 on Thursday. The stock has a 50-day simple moving average of $29.15 and a 200 day simple moving average of $29.82. Ethan Allen Interiors Inc. has a 52-week low of $26.53 and a 52-week high of $35.62. The company has a market cap of $717.97 million, a PE ratio of 11.43 and a beta of 1.31.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were issued a $0.39 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.53%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

A number of research analysts have weighed in on ETD shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, October 31st. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Company 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.