Hillsdale Investment Management Inc. Has $53,000 Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Hillsdale Investment Management Inc. increased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 213.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,880 shares of the company’s stock after acquiring an additional 1,280 shares during the period. Hillsdale Investment Management Inc.’s holdings in Ethan Allen Interiors were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Ethan Allen Interiors during the third quarter valued at approximately $50,000. Y Intercept Hong Kong Ltd acquired a new stake in Ethan Allen Interiors in the third quarter valued at approximately $216,000. Intech Investment Management LLC bought a new stake in Ethan Allen Interiors in the third quarter worth approximately $305,000. Finally, Victory Capital Management Inc. increased its stake in shares of Ethan Allen Interiors by 13.4% during the 3rd quarter. Victory Capital Management Inc. now owns 10,004 shares of the company’s stock worth $319,000 after purchasing an additional 1,180 shares during the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Up 3.4 %

Shares of ETD stock opened at $28.50 on Tuesday. Ethan Allen Interiors Inc. has a 12 month low of $26.13 and a 12 month high of $35.62. The company has a market cap of $724.81 million, a PE ratio of 11.98 and a beta of 1.27. The business’s 50 day moving average is $28.66 and its two-hundred day moving average is $29.34.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, January 29th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. As a group, equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 annualized dividend and a yield of 5.47%. Ethan Allen Interiors’s payout ratio is 65.55%.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.70, for a total value of $267,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,631,905 shares of the company’s stock, valued at approximately $43,571,863.50. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 30,000 shares of company stock valued at $846,400 in the last 90 days. 10.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

ETD has been the subject of several analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

Ethan Allen Interiors Company Profile

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.