International Assets Investment Management LLC Makes New $660,000 Investment in Ethan Allen Interiors Inc. (NYSE:ETD)

International Assets Investment Management LLC bought a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,047 shares of the company’s stock, valued at approximately $660,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in shares of Ethan Allen Interiors in the 2nd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in shares of Ethan Allen Interiors in the 2nd quarter worth approximately $29,000. nVerses Capital LLC purchased a new stake in shares of Ethan Allen Interiors in the 3rd quarter worth approximately $92,000. Meeder Asset Management Inc. grew its stake in shares of Ethan Allen Interiors by 2,366.0% in the 1st quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company’s stock worth $176,000 after buying an additional 4,874 shares during the last quarter. Finally, Cim LLC grew its stake 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 worth $210,000 after buying an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated 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.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on 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 approximately $54,240,644.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 30,000 shares of company stock valued at $929,700. 10.48% of the stock is owned by corporate insiders.

Ethan Allen Interiors Stock Down 0.6 %

Ethan Allen Interiors stock opened at $27.98 on Wednesday. The company has a market capitalization of $711.53 million, a P/E ratio of 11.33 and a beta of 1.27. The stock’s 50 day moving average is $30.41 and its 200 day moving average is $29.64. Ethan Allen Interiors Inc. has a twelve month low of $25.33 and a twelve month high of $35.62.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.58%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 63.16%.

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.