GAMMA Investing LLC boosted its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 5,743.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,437 shares of the company's stock after acquiring an additional 22,053 shares during the quarter. GAMMA Investing LLC owned 0.09% of Ethan Allen Interiors worth $622,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in Ethan Allen Interiors in the 4th quarter valued at $52,000. Hillsdale Investment Management Inc. raised its holdings in Ethan Allen Interiors by 213.3% in the 4th 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 raised its holdings in Ethan Allen Interiors by 73.3% in the 4th quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after buying an additional 1,101 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Ethan Allen Interiors in the 4th quarter valued at about $112,000. Finally, Prosperity Consulting Group LLC grew its position in Ethan Allen Interiors by 35.1% in the 4th 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 and hedge funds own 83.80% of the company's stock.
Insider Buying and Selling at Ethan Allen Interiors
In other news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $26.85, for a total transaction of $268,500.00. Following the completion of the sale, the chief executive officer now owns 1,611,905 shares in the company, valued at $43,279,649.25. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 21,366 shares of company stock worth $568,490. 10.48% of the stock is owned by insiders.
Ethan Allen Interiors Price Performance
Shares of Ethan Allen Interiors stock traded up $0.05 on Friday, reaching $27.30. 433,209 shares of the company were exchanged, compared to its average volume of 277,965. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $35.62. The company has a market cap of $694.34 million, a P/E ratio of 12.11 and a beta of 1.16. The stock's 50 day moving average price is $26.94 and its 200-day moving average price is $27.94.
Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). The business 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 9.29% and a return on equity of 12.08%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. On average, research analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.
Ethan Allen Interiors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio is currently 69.33%.
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.
Check Out Our Latest Report on ETD
Ethan Allen Interiors Company Profile
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Free Report)
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.
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