Mirae Asset Global Investments Co. Ltd. Has $508,000 Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 12.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,443 shares of the company’s stock after purchasing an additional 2,073 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Ethan Allen Interiors worth $508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETD. Illumine Investment Management LLC increased its position in shares of Ethan Allen Interiors by 37.1% during the 1st quarter. Illumine Investment Management LLC now owns 20,488 shares of the company’s stock worth $568,000 after purchasing an additional 5,543 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Ethan Allen Interiors by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 28,914 shares of the company’s stock worth $801,000 after buying an additional 463 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Ethan Allen Interiors by 9.8% in the first quarter. Wedge Capital Management L L P NC now owns 40,186 shares of the company’s stock valued at $1,113,000 after acquiring an additional 3,577 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of Ethan Allen Interiors by 229,900.0% in the 1st quarter. NBC Securities Inc. now owns 11,500 shares of the company’s stock worth $318,000 after acquiring an additional 11,495 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Ethan Allen Interiors by 78.0% during the 1st quarter. Rhumbline Advisers now owns 154,930 shares of the company’s stock worth $4,292,000 after acquiring an additional 67,884 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $26.85, for a total transaction of $268,500.00. Following the completion of the sale, the chief executive officer owned 1,611,905 shares in the company, valued at $43,279,649.25. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 21,366 shares of company stock valued at $568,490. 10.48% of the stock is currently owned by company insiders.

Ethan Allen Interiors Stock Down 0.4%

Shares of NYSE ETD opened at $30.13 on Friday. Ethan Allen Interiors Inc. has a 12-month low of $24.55 and a 12-month high of $35.62. The firm’s 50-day simple moving average is $27.28 and its 200 day simple moving average is $27.80. The company has a market cap of $766.21 million, a price-to-earnings ratio of 13.39 and a beta of 1.16.

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

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.18%. The ex-dividend date was Thursday, May 15th. Ethan Allen Interiors’s dividend payout ratio is 69.33%.

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.