UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in Ethan Allen Interiors Inc. (NYSE:ETD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 8.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,852 shares of the company’s stock after selling 3,474 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Ethan Allen Interiors worth $1,175,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Miller Howard Investments Inc. NY lifted its position in shares of Ethan Allen Interiors by 2.2% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 17,536 shares of the company’s stock valued at $489,000 after buying an additional 371 shares in the last quarter. Unison Advisors LLC lifted its holdings in Ethan Allen Interiors by 1.4% during the third quarter. Unison Advisors LLC now owns 29,677 shares of the company’s stock valued at $946,000 after purchasing an additional 421 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of Ethan Allen Interiors by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 25,740 shares of the company’s stock valued at $718,000 after purchasing an additional 537 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Ethan Allen Interiors by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after purchasing an additional 543 shares in the last quarter. Finally, Cim LLC lifted its stake in Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after buying an additional 741 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the transaction, the chief executive officer now 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 filing with the SEC, which is accessible through the SEC website. 10.48% of the stock is currently owned by company insiders.

Ethan Allen Interiors Stock Performance

NYSE ETD opened at $29.92 on Wednesday. The business has a fifty day moving average price of $29.77 and a 200 day moving average price of $29.72. The company has a market cap of $760.87 million, a P/E ratio of 12.11 and a beta of 1.30. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

Analysts Set New Price Targets

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

About Ethan Allen Interiors

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.