Dynamic Technology Lab Private Ltd Buys 16,465 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Dynamic Technology Lab Private Ltd grew its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 121.5% during the third quarter, Holdings Channel.com reports. The fund owned 30,020 shares of the company’s stock after purchasing an additional 16,465 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Ethan Allen Interiors were worth $957,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ETD. Hantz Financial Services Inc. bought a new position in Ethan Allen Interiors in the second quarter worth approximately $26,000. Innealta Capital LLC purchased a new position in shares of Ethan Allen Interiors during the second quarter valued at $29,000. nVerses Capital LLC bought a new stake in shares of Ethan Allen Interiors in the third quarter valued at about $92,000. Cim LLC lifted its stake in Ethan Allen Interiors by 11.9% in the second quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after acquiring an additional 741 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Ethan Allen Interiors by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after acquiring an additional 543 shares in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Monday, November 18th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the transaction, the chief executive officer now directly owns 1,671,905 shares of the company’s stock, valued at approximately $48,100,706.85. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 30,000 shares of company stock worth $913,800. 10.48% of the stock is owned by corporate insiders.

Ethan Allen Interiors Trading Up 0.7 %

Shares of NYSE:ETD opened at $30.73 on Thursday. The company has a market capitalization of $781.46 million, a PE ratio of 12.44 and a beta of 1.27. Ethan Allen Interiors Inc. has a 12-month low of $26.53 and a 12-month high of $35.62. The business’s fifty day simple moving average is $30.02 and its 200-day simple moving average is $29.57.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a $0.39 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.08%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research report 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.