North Star Investment Management Corp. Decreases Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

North Star Investment Management Corp. lowered its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 1.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 179,050 shares of the company’s stock after selling 2,800 shares during the period. North Star Investment Management Corp.’s holdings in Ethan Allen Interiors were worth $5,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hantz Financial Services Inc. purchased a new position in Ethan Allen Interiors during the second quarter valued at $26,000. Innealta Capital LLC purchased a new position in Ethan Allen Interiors during the second quarter worth about $29,000. nVerses Capital LLC purchased a new position in Ethan Allen Interiors during the third quarter worth about $92,000. Meeder Asset Management Inc. lifted its holdings in shares of Ethan Allen Interiors by 2,366.0% in the 1st quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company’s stock worth $176,000 after acquiring an additional 4,874 shares during the last quarter. Finally, Cim LLC boosted its position in shares of Ethan Allen Interiors by 11.9% during the second quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after buying an additional 741 shares during the period. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $30.36, for a total transaction of $303,600.00. Following the sale, the chief executive officer now owns 1,712,319 shares of the company’s stock, valued at $51,986,004.84. The trade was a 0.00 % 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. Insiders sold 30,000 shares of company stock worth $929,700 over the last ninety days. Corporate insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Stock Down 0.4 %

Shares of ETD traded down $0.11 on Tuesday, reaching $28.04. The stock had a trading volume of 20,355 shares, compared to its average volume of 232,061. The firm has a 50-day moving average of $30.49 and a 200 day moving average of $29.67. The firm has a market capitalization of $713.06 million, a PE ratio of 11.40 and a beta of 1.27. Ethan Allen Interiors Inc. has a twelve month low of $25.33 and a twelve month high of $35.62.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.56%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, October 31st.

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.