GSA Capital Partners LLP Acquires Shares of 33,771 Ethan Allen Interiors Inc. (NYSE:ETD)

Key Points

• GSA Capital Partners LLP acquired a new stake in Ethan Allen Interiors, purchasing 33,771 shares valued at approximately $935,000, which represents about 0.13% of the company's stock.
• Ethan Allen Interiors reported a net margin of 8.39% and a quarterly revenue of $160.36 million, exceeding analyst estimates, although this reflects a 4.9% decline compared to the same quarter last year.
• The company has announced a quarterly dividend of $0.39, with a yield of 5.2%, set to be paid on August 28th to shareholders of record on August 13th.

GSA Capital Partners LLP acquired a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 33,771 shares of the company's stock, valued at approximately $935,000. GSA Capital Partners LLP owned approximately 0.13% of Ethan Allen Interiors at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ETD. IFP Advisors Inc boosted its holdings in Ethan Allen Interiors by 12,857.1% in the first quarter. IFP Advisors Inc now owns 907 shares of the company's stock valued at $25,000 after acquiring an additional 900 shares during the last quarter. State of Wyoming acquired a new stake in Ethan Allen Interiors during the 4th quarter worth approximately $52,000. Quarry LP raised 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 during the period. KLP Kapitalforvaltning AS purchased a new stake in Ethan Allen Interiors during the fourth quarter worth approximately $112,000. Finally, Allianz Asset Management GmbH purchased a new stake in Ethan Allen Interiors during the first quarter worth approximately $205,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Down 4.3%

Shares of Ethan Allen Interiors stock traded down $1.27 on Friday, hitting $28.50. 426,044 shares of the company's stock traded hands, compared to its average volume of 223,625. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $33.77. The firm's 50-day moving average is $28.15 and its 200 day moving average is $27.99. The stock has a market cap of $724.76 million, a P/E ratio of 14.18 and a beta of 1.19.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. The firm's revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 earnings per share. Equities research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio (DPR) is presently 77.61%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a report on Thursday.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $26.85, for a total transaction of $268,500.00. Following the sale, the chief executive officer directly 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. Insiders sold 11,366 shares of company stock valued at $305,390 in the last quarter. Company insiders own 10.48% of the company's stock.

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.