Denali Advisors LLC Increases Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Denali Advisors LLC grew its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 131.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 83,040 shares of the company's stock after purchasing an additional 47,140 shares during the period. Denali Advisors LLC owned approximately 0.33% of Ethan Allen Interiors worth $2,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ETD. State of Wyoming bought a new stake in shares of Ethan Allen Interiors during the fourth quarter valued at approximately $52,000. Hillsdale Investment Management Inc. increased its position in shares of 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 acquiring an additional 1,280 shares in the last quarter. Quarry LP increased its position in shares of Ethan Allen Interiors by 73.3% during the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after acquiring an additional 1,101 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Ethan Allen Interiors during the fourth quarter valued at approximately $112,000. Finally, Prosperity Consulting Group LLC increased its position in shares of Ethan Allen Interiors by 35.1% during the fourth quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company's stock valued at $264,000 after acquiring an additional 2,440 shares in the last quarter. Institutional investors own 83.80% of the company's stock.

Ethan Allen Interiors Trading Down 0.7%

NYSE:ETD traded down $0.20 during trading hours on Friday, reaching $28.98. The company had a trading volume of 185,117 shares, compared to its average volume of 278,216. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $35.62. The firm has a market cap of $736.96 million, a price-to-earnings ratio of 12.88 and a beta of 1.16. The firm's 50 day moving average price is $27.63 and its 200-day moving average price is $27.88.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). The business had revenue of $142.70 million for the quarter, compared to analysts' expectations of $146.85 million. Ethan Allen Interiors had a return on equity of 12.08% and a net margin of 9.29%. The company's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. On average, analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio (DPR) is 69.33%.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Monday, May 19th. The shares were sold at an average price of $26.85, for a total transaction of $268,500.00. Following the transaction, the chief executive officer owned 1,611,905 shares in the company, valued at approximately $43,279,649.25. The trade was a 0.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 11,366 shares of company stock worth $305,390. 10.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a "market perform" rating on shares of Ethan Allen Interiors in a research 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.