HBK Investments L P bought a new stake in Ethan Allen Interiors Inc. (NYSE:ETH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,233 shares of the company’s stock, valued at approximately $865,000.
Other large investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in Ethan Allen Interiors in the third quarter valued at about $259,000. Teacher Retirement System of Texas acquired a new stake in shares of Ethan Allen Interiors during the fourth quarter worth about $256,000. SG Americas Securities LLC raised its position in shares of Ethan Allen Interiors by 180.1% during the third quarter. SG Americas Securities LLC now owns 10,864 shares of the company’s stock worth $352,000 after purchasing an additional 6,986 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Ethan Allen Interiors during the fourth quarter worth about $311,000. Finally, Capital Fund Management S.A. raised its position in shares of Ethan Allen Interiors by 58.6% during the fourth quarter. Capital Fund Management S.A. now owns 11,100 shares of the company’s stock worth $317,000 after purchasing an additional 4,100 shares during the period. 99.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ETH stock opened at $22.25 on Friday. The company has a market capitalization of $623.70, a PE ratio of 15.55, a PEG ratio of 1.52 and a beta of 1.16. Ethan Allen Interiors Inc. has a 1 year low of $22.25 and a 1 year high of $33.13.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.42%. Ethan Allen Interiors’s payout ratio is presently 58.02%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research lowered Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Stifel Nicolaus dropped their price target on Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 25th. Finally, Telsey Advisory Group dropped their price target on Ethan Allen Interiors from $27.00 to $26.00 and set a “market perform” rating on the stock in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.50.
In other news, Chairman M Farooq Kathwari acquired 4,090 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of $24.37 per share, for a total transaction of $99,673.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Corey Whitely acquired 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $24.65 per share, with a total value of $41,905.00. Following the completion of the acquisition, the chief financial officer now owns 12,574 shares of the company’s stock, valued at approximately $309,949.10. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 6,630 shares of company stock valued at $161,654. 10.50% of the stock is owned by corporate insiders.
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About Ethan Allen Interiors
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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