Dynamic Technology Lab Private Ltd Increases Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Dynamic Technology Lab Private Ltd lifted its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 121.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,020 shares of the company’s stock after purchasing an additional 16,465 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.12% of Ethan Allen Interiors worth $957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in Ethan Allen Interiors in the 3rd quarter worth approximately $305,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ethan Allen Interiors in the third quarter worth $1,132,000. Jennison Associates LLC raised its stake in Ethan Allen Interiors by 11.8% during the third quarter. Jennison Associates LLC now owns 39,668 shares of the company’s stock valued at $1,265,000 after purchasing an additional 4,194 shares in the last quarter. Victory Capital Management Inc. lifted its position in Ethan Allen Interiors by 13.4% during the third quarter. Victory Capital Management Inc. now owns 10,004 shares of the company’s stock valued at $319,000 after purchasing an additional 1,180 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Ethan Allen Interiors in the 3rd quarter worth $862,000. 83.80% of the stock is owned by institutional investors.

Insider Activity

In other 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 transaction of $317,400.00. Following the transaction, the chief executive officer now owns 1,708,905 shares of the company’s stock, valued at approximately $54,240,644.70. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $913,800. 10.48% of the stock is currently owned by company insiders.

Ethan Allen Interiors Stock Performance

Shares of Ethan Allen Interiors stock opened at $30.73 on Thursday. The stock has a 50 day moving average price of $30.02 and a 200-day moving average price of $29.57. Ethan Allen Interiors Inc. has a one year low of $26.53 and a one year high of $35.62. The stock has a market cap of $781.46 million, a price-to-earnings ratio of 12.44 and a beta of 1.27.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed 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 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.