Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 35,512 Ethan Allen Interiors Inc. (NYSE:ETD)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ethan Allen Interiors Inc. (NYSE:ETD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,512 shares of the company’s stock, valued at approximately $1,132,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ethan Allen Interiors by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock worth $56,720,000 after acquiring an additional 25,472 shares during the period. Boston Partners acquired a new stake in shares of Ethan Allen Interiors in the first quarter worth $1,147,000. GSA Capital Partners LLP acquired a new stake in shares of Ethan Allen Interiors in the third quarter worth $862,000. Hodges Capital Management Inc. increased its stake in shares of Ethan Allen Interiors by 16.6% in the second quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock worth $15,187,000 after acquiring an additional 77,565 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Ethan Allen Interiors in the third quarter worth $660,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Performance

ETD stock opened at $30.73 on Thursday. The firm has a market cap of $781.46 million, a PE ratio of 12.44 and a beta of 1.27. The firm’s fifty day moving average is $30.02 and its 200 day moving average is $29.57. Ethan Allen Interiors Inc. has a one year low of $26.53 and a one year high of $35.62.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.08%. Ethan Allen Interiors’s dividend payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

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

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $30.87, for a total transaction of $308,700.00. Following the transaction, the chief executive officer now directly owns 1,698,905 shares of the company’s stock, valued at $52,445,197.35. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 30,000 shares of company stock worth $913,800. 10.48% of the stock is owned by company insiders.

Ethan Allen Interiors Company 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.