Bridgeway Capital Management LLC Trims Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Bridgeway Capital Management LLC lowered its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 195,969 shares of the company's stock after selling 26,635 shares during the quarter. Bridgeway Capital Management LLC owned 0.77% of Ethan Allen Interiors worth $5,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ETD. Hillsdale Investment Management Inc. grew its position in Ethan Allen Interiors by 213.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock valued at $53,000 after buying an additional 1,280 shares during the period. Quarry LP increased its holdings in Ethan Allen Interiors by 73.3% in the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after buying an additional 1,101 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Ethan Allen Interiors in the fourth quarter valued at $112,000. Prosperity Consulting Group LLC increased its holdings in Ethan Allen Interiors by 35.1% in the fourth quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company's stock valued at $264,000 after buying an additional 2,440 shares in the last quarter. Finally, Arete Wealth Advisors LLC increased its holdings in Ethan Allen Interiors by 21.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 9,706 shares of the company's stock valued at $272,000 after buying an additional 1,688 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company's stock.

Ethan Allen Interiors Stock Up 5.1%

Shares of NYSE ETD traded up $1.33 during trading on Monday, hitting $27.41. The company had a trading volume of 229,490 shares, compared to its average volume of 262,948. The stock has a fifty day simple moving average of $27.23 and a two-hundred day simple moving average of $28.47. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $35.62. The firm has a market capitalization of $697.04 million, a price-to-earnings ratio of 11.53 and a beta of 1.20.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). The company had revenue of $142.70 million during the quarter, compared to analyst estimates of $146.85 million. Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. On average, analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 5.69%. Ethan Allen Interiors's payout ratio is presently 69.33%.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $26.31, for a total transaction of $263,100.00. Following the transaction, the chief executive officer now directly owns 1,621,905 shares of the company's stock, valued at $42,672,320.55. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 30,000 shares of company stock worth $822,800. 10.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ETD has been the subject of a number of recent analyst reports. Argus reaffirmed a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th. Telsey Advisory Group reaffirmed a "market perform" rating on shares of Ethan Allen Interiors in a report on Tuesday, May 6th.

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.