Quarry LP Buys Shares of 1,503 Ethan Allen Interiors Inc. (NYSE:ETD)

Quarry LP purchased a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,503 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Miller Howard Investments Inc. NY raised its position in Ethan Allen Interiors by 2.2% during the second quarter. Miller Howard Investments Inc. NY now owns 17,536 shares of the company’s stock worth $489,000 after acquiring an additional 371 shares during the last quarter. Unison Advisors LLC increased its stake in shares of Ethan Allen Interiors by 1.4% during the 3rd quarter. Unison Advisors LLC now owns 29,677 shares of the company’s stock worth $946,000 after purchasing an additional 421 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Ethan Allen Interiors by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 25,740 shares of the company’s stock worth $718,000 after purchasing an additional 537 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Ethan Allen Interiors by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock valued at $244,000 after buying an additional 543 shares in the last quarter. Finally, Cim LLC grew its holdings in Ethan Allen Interiors by 11.9% during the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after buying an additional 741 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $31.74, for a total transaction of $317,400.00. Following the completion of the transaction, the chief executive officer now owns 1,708,905 shares of the company’s stock, valued at $54,240,644.70. This represents a 0.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 30,000 shares of company stock valued at $913,800 in the last quarter. 10.48% of the stock is currently owned by company insiders.

Ethan Allen Interiors Price Performance

Shares of NYSE ETD opened at $30.48 on Wednesday. The company has a 50-day simple moving average of $29.89 and a 200-day simple moving average of $29.65. The company has a market cap of $775.11 million, a PE ratio of 12.34 and a beta of 1.30. Ethan Allen Interiors Inc. has a 12 month low of $26.53 and a 12 month high of $35.62.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.12%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 63.16%.

Analysts Set New Price Targets

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

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.