nVerses Capital LLC Takes $92,000 Position in Ethan Allen Interiors Inc. (NYSE:ETD)

nVerses Capital LLC acquired a new stake in Ethan Allen Interiors Inc. (NYSE:ETD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,900 shares of the company’s stock, valued at approximately $92,000.

Several other large investors have also modified their holdings of ETD. Heartland Advisors Inc. purchased a new position in Ethan Allen Interiors in the first quarter worth $5,490,000. Millennium Management LLC raised its holdings in shares of Ethan Allen Interiors by 2,127.1% in the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after purchasing an additional 150,409 shares during the period. Hodges Capital Management Inc. raised its holdings in shares of Ethan Allen Interiors by 16.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock worth $15,187,000 after purchasing an additional 77,565 shares during the period. American Century Companies Inc. raised its holdings in shares of Ethan Allen Interiors by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock worth $15,283,000 after purchasing an additional 72,767 shares during the period. Finally, First Eagle Investment Management LLC purchased a new position in shares of Ethan Allen Interiors in the 1st quarter worth about $2,354,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $31.14 on Monday. The business’s fifty day moving average price is $30.80 and its two-hundred day moving average price is $29.89. The company has a market capitalization of $791.33 million, a P/E ratio of 11.32 and a beta of 1.25. Ethan Allen Interiors Inc. has a 1-year low of $25.33 and a 1-year high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. The company had revenue of $168.63 million for the quarter, compared to the consensus estimate of $159.65 million. During the same quarter in the previous year, the business earned $0.96 EPS. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. On average, research analysts expect that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Tuesday, August 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend was Tuesday, August 13th. Ethan Allen Interiors’s dividend payout ratio is currently 56.73%.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total value of $317,400.00. Following the transaction, the chief executive officer now directly owns 1,708,905 shares of the company’s stock, valued at $54,240,644.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 30,000 shares of company stock valued at $929,700. Corporate insiders own 10.90% of the company’s stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a report on Wednesday, July 24th.

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.