North Star Investment Management Corp. Has $5.71 Million Stake in Ethan Allen Interiors Inc. (NYSE:ETD)

North Star Investment Management Corp. lessened its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 1.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 179,050 shares of the company’s stock after selling 2,800 shares during the quarter. North Star Investment Management Corp. owned approximately 0.70% of Ethan Allen Interiors worth $5,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position in shares of Ethan Allen Interiors during the 2nd quarter valued at approximately $26,000. Innealta Capital LLC bought a new position in shares of Ethan Allen Interiors during the 2nd quarter valued at $29,000. nVerses Capital LLC bought a new stake in Ethan Allen Interiors in the 3rd quarter worth $92,000. Meeder Asset Management Inc. grew its holdings in Ethan Allen Interiors by 2,366.0% in the 1st quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company’s stock worth $176,000 after acquiring an additional 4,874 shares during the last quarter. Finally, Cim LLC boosted its stake in shares of Ethan Allen Interiors by 11.9% during the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after purchasing an additional 741 shares in the last quarter. Institutional investors own 83.80% of the company’s stock.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total transaction of $317,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,708,905 shares of the company’s stock, valued at $54,240,644.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 30,000 shares of company stock valued at $929,700. Corporate insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock traded down $0.11 during midday trading on Tuesday, hitting $28.04. 20,355 shares of the company were exchanged, compared to its average volume of 232,061. The company’s fifty day moving average price is $30.49 and its 200-day moving average price is $29.67. The company has a market cap of $713.06 million, a PE ratio of 11.40 and a beta of 1.27. Ethan Allen Interiors Inc. has a fifty-two week low of $25.33 and a fifty-two week high of $35.62.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.56%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

Analyst Ratings Changes

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