Kovitz Investment Group Partners LLC increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 401.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,760 shares of the company's stock after acquiring an additional 31,828 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.16% of Ethan Allen Interiors worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the stock. Miller Howard Investments Inc. NY grew its holdings in shares of Ethan Allen Interiors by 2.2% in the second quarter. Miller Howard Investments Inc. NY now owns 17,536 shares of the company's stock worth $489,000 after purchasing an additional 371 shares during the last quarter. Unison Advisors LLC grew its holdings in Ethan Allen Interiors by 1.4% in the 3rd quarter. Unison Advisors LLC now owns 29,677 shares of the company's stock worth $946,000 after acquiring an additional 421 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Ethan Allen Interiors by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,740 shares of the company's stock worth $718,000 after acquiring an additional 537 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Ethan Allen Interiors by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company's stock valued at $244,000 after acquiring an additional 543 shares during the period. Finally, Cim LLC boosted its holdings 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 purchasing an additional 741 shares during the period. 83.80% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,671,905 shares of the company's stock, valued at $48,100,706.85. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 30,000 shares of company stock valued at $913,800. Company insiders own 10.48% of the company's stock.
Shares of Ethan Allen Interiors stock opened at $30.48 on Wednesday. The business has a 50 day moving average of $29.89 and a 200 day moving average of $29.65. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62. The company has a market cap of $775.11 million, a PE ratio of 12.34 and a beta of 1.30.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were issued a $0.39 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.12%. Ethan Allen Interiors's dividend payout ratio (DPR) is presently 63.16%.
Separately, Telsey Advisory Group restated a "market perform" rating and set a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday, October 31st.
Check Out Our Latest Research Report on ETD
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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