GSA Capital Partners LLP Invests $862,000 in Ethan Allen Interiors Inc. (NYSE:ETD)

GSA Capital Partners LLP acquired a new stake in Ethan Allen Interiors Inc. (NYSE:ETD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,016 shares of the company’s stock, valued at approximately $862,000.

Other hedge funds have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its holdings in shares of Ethan Allen Interiors by 21.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 32,842 shares of the company’s stock worth $1,135,000 after acquiring an additional 5,870 shares in the last quarter. Vanguard Group Inc. lifted its stake in Ethan Allen Interiors by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock valued at $56,720,000 after buying an additional 25,472 shares in the last quarter. PAX Financial Group LLC acquired a new position in shares of Ethan Allen Interiors in the first quarter valued at approximately $767,000. O Shaughnessy Asset Management LLC increased its position in shares of Ethan Allen Interiors by 8.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 30,638 shares of the company’s stock worth $1,059,000 after acquiring an additional 2,352 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Ethan Allen Interiors by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,687 shares of the company’s stock worth $612,000 after acquiring an additional 975 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Insider Buying and Selling

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $30.36, for a total transaction of $303,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,712,319 shares in the company, valued at $51,986,004.84. This represents a 0.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 30,000 shares of company stock worth $929,700. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors Stock Performance

NYSE:ETD opened at $28.88 on Friday. Ethan Allen Interiors Inc. has a 52-week low of $26.53 and a 52-week high of $35.62. The stock has a 50-day simple moving average of $30.11 and a 200 day simple moving average of $29.55. The company has a market cap of $734.42 million, a PE ratio of 11.70 and a beta of 1.27.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued 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.