28,205 Shares in Ethan Allen Interiors Inc. (NYSE:ETD) Purchased by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC acquired a new position in Ethan Allen Interiors Inc. (NYSE:ETD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 28,205 shares of the company’s stock, valued at approximately $899,000. Kolinsky Wealth Management LLC owned about 0.11% of Ethan Allen Interiors at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new stake in Ethan Allen Interiors in the 2nd quarter worth about $26,000. Innealta Capital LLC acquired a new stake in Ethan Allen Interiors in the 2nd quarter worth about $29,000. nVerses Capital LLC acquired a new position in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $92,000. Cim LLC boosted its holdings in shares of Ethan Allen Interiors by 11.9% during the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after purchasing an additional 741 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Ethan Allen Interiors by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after purchasing an additional 543 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

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 Thursday, October 17th. The stock was sold at an average price of $30.87, for a total value of $308,700.00. Following the transaction, the chief executive officer now directly owns 1,698,905 shares in the company, valued at approximately $52,445,197.35. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 30,000 shares of company stock worth $913,800. Insiders own 10.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $30.76 on Friday. The stock has a market cap of $782.23 million, a P/E ratio of 12.45 and a beta of 1.27. The stock’s 50 day simple moving average is $29.97 and its 200-day simple moving average is $29.59. Ethan Allen Interiors Inc. has a 1-year low of $26.53 and a 1-year high of $35.62.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio 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.