GAMMA Investing LLC Has $622,000 Position in Ethan Allen Interiors Inc. (NYSE:ETD)

GAMMA Investing LLC increased its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 5,743.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,437 shares of the company’s stock after acquiring an additional 22,053 shares during the quarter. GAMMA Investing LLC owned about 0.09% of Ethan Allen Interiors worth $622,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Ethan Allen Interiors by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 1,666,798 shares of the company’s stock worth $46,854,000 after acquiring an additional 68,957 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Ethan Allen Interiors by 13.0% during the 4th quarter. American Century Companies Inc. now owns 726,213 shares of the company’s stock worth $20,414,000 after buying an additional 83,381 shares in the last quarter. Royce & Associates LP grew its stake in Ethan Allen Interiors by 87.9% in the 4th quarter. Royce & Associates LP now owns 590,993 shares of the company’s stock valued at $16,613,000 after purchasing an additional 276,534 shares during the period. Geode Capital Management LLC grew its position in shares of Ethan Allen Interiors by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 543,624 shares of the company’s stock valued at $15,285,000 after acquiring an additional 5,029 shares during the period. Finally, LSV Asset Management grew its position in shares of Ethan Allen Interiors by 0.9% during the 4th quarter. LSV Asset Management now owns 533,500 shares of the company’s stock valued at $14,997,000 after acquiring an additional 5,000 shares during the period. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Price Performance

Shares of NYSE ETD opened at $27.22 on Thursday. The firm has a 50-day simple moving average of $26.93 and a two-hundred day simple moving average of $27.97. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $35.62. The company has a market cap of $692.18 million, a P/E ratio of 12.10 and a beta of 1.16.

Ethan Allen Interiors (NYSE:ETD) last issued its earnings results on Monday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Ethan Allen Interiors had a return on equity of 12.08% and a net margin of 9.29%. The business had revenue of $142.70 million for the quarter, compared to the consensus estimate of $146.85 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.39 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 5.73%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 69.33%.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $26.31, for a total transaction of $263,100.00. Following the completion of the transaction, the chief executive officer now owns 1,621,905 shares of the company’s stock, valued at $42,672,320.55. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 21,366 shares of company stock worth $568,490 over the last three months. Corporate insiders own 10.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a “market perform” rating on shares of Ethan Allen Interiors in a research report on Tuesday, May 6th.

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.