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

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc lifted its holdings in shares of Ethan Allen Interiors by 12,857.1% during the 1st quarter. IFP Advisors Inc now owns 907 shares of the company's stock worth $25,000 after acquiring an additional 900 shares during the period. State of Wyoming acquired a new position in Ethan Allen Interiors in the fourth quarter valued at $52,000. Quarry LP increased its stake in Ethan Allen Interiors by 73.3% during the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock worth $73,000 after acquiring an additional 1,101 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Ethan Allen Interiors in the 4th quarter valued at about $112,000. Finally, Allianz Asset Management GmbH acquired a new stake in Ethan Allen Interiors during the 1st quarter worth approximately $205,000. Institutional investors and hedge funds own 83.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a "market perform" rating and set a $30.00 target price on shares of Ethan Allen Interiors in a report on Thursday, July 31st.

Ethan Allen Interiors Stock Up 1.2%

Shares of ETD traded up $0.35 during midday trading on Tuesday, hitting $29.53. The company had a trading volume of 113,569 shares, compared to its average volume of 291,875. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $33.77. The company's 50 day moving average price is $28.21 and its 200 day moving average price is $27.99. The stock has a market cap of $750.95 million, a price-to-earnings ratio of 14.71 and a beta of 1.19.

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

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, August 13th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio is currently 77.61%.

Insider Transactions at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the business'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 sale, the chief executive officer owned 1,611,905 shares of the company's stock, valued at $43,279,649.25. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 11,366 shares of company stock valued at $305,390. Corporate 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.