Denali Advisors LLC Buys New Shares in Ethan Allen Interiors Inc. (NYSE:ETD)

Denali Advisors LLC purchased a new position in Ethan Allen Interiors Inc. (NYSE:ETD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 35,900 shares of the company’s stock, valued at approximately $1,009,000. Denali Advisors LLC owned about 0.14% of Ethan Allen Interiors at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in shares of Ethan Allen Interiors in the third quarter valued at $862,000. FMR LLC raised its stake in shares of Ethan Allen Interiors by 421.3% in the 3rd quarter. FMR LLC now owns 18,943 shares of the company’s stock valued at $604,000 after buying an additional 15,309 shares in the last quarter. Barclays PLC lifted its holdings in shares of Ethan Allen Interiors by 113.8% during the 3rd quarter. Barclays PLC now owns 57,174 shares of the company’s stock worth $1,824,000 after acquiring an additional 30,437 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Ethan Allen Interiors during the 3rd quarter valued at about $1,132,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Ethan Allen Interiors by 6.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company’s stock valued at $2,131,000 after acquiring an additional 4,267 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

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 on Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total value of $292,700.00. Following the transaction, the chief executive officer now directly owns 1,641,905 shares in the company, valued at $48,058,559.35. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.48% of the stock is owned by corporate insiders.

Ethan Allen Interiors Stock Down 0.2 %

Shares of NYSE ETD opened at $28.83 on Thursday. The company has a market cap of $733.15 million, a price-to-earnings ratio of 12.11 and a beta of 1.31. Ethan Allen Interiors Inc. has a 12-month low of $26.53 and a 12-month high of $35.62. The firm’s 50-day simple moving average is $28.83 and its 200 day simple moving average is $29.76.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. On average, equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.41%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 65.55%.

Wall Street Analyst Weigh In

ETD has been the subject of a number of analyst reports. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group restated a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, January 30th.

About Ethan Allen Interiors

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.