Connor Clark & Lunn Investment Management Ltd. Invests $1.13 Million in Ethan Allen Interiors Inc. (NYSE:ETD)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,512 shares of the company's stock, valued at approximately $1,132,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.14% of Ethan Allen Interiors as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ETD. Vanguard Group Inc. lifted its stake in Ethan Allen Interiors by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company's stock valued at $56,720,000 after buying an additional 25,472 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Ethan Allen Interiors by 4.5% during the second quarter. Pacer Advisors Inc. now owns 888,760 shares of the company's stock valued at $24,788,000 after acquiring an additional 38,101 shares during the period. American Century Companies Inc. lifted its position in shares of Ethan Allen Interiors by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 547,959 shares of the company's stock valued at $15,283,000 after acquiring an additional 72,767 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in Ethan Allen Interiors by 16.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company's stock worth $15,187,000 after purchasing an additional 77,565 shares during the period. Finally, Millennium Management LLC grew its position in Ethan Allen Interiors by 2,127.1% during the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company's stock worth $4,392,000 after purchasing an additional 150,409 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company's stock.

Ethan Allen Interiors Trading Up 0.8 %

NYSE:ETD traded up $0.24 on Thursday, hitting $30.75. 114,849 shares of the company's stock traded hands, compared to its average volume of 230,822. The firm has a 50-day moving average price of $30.02 and a 200-day moving average price of $29.57. The company has a market cap of $781.97 million, a PE ratio of 12.44 and a beta of 1.27. Ethan Allen Interiors Inc. has a 1 year low of $26.53 and a 1 year high of $35.62.

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.07%. Ethan Allen Interiors's dividend payout ratio is presently 63.16%.

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the transaction, the chief executive officer now directly owns 1,671,905 shares of the company's stock, valued at approximately $48,100,706.85. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 30,000 shares of company stock worth $913,800 in the last quarter. 10.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, October 31st.

Ethan Allen Interiors 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.