International Assets Investment Management LLC Invests $660,000 in Ethan Allen Interiors Inc. (NYSE:ETD)

International Assets Investment Management LLC purchased a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,047 shares of the company's stock, valued at approximately $660,000. International Assets Investment Management LLC owned 0.08% of Ethan Allen Interiors as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. bought a new position in shares of Ethan Allen Interiors in the second quarter valued at approximately $26,000. Innealta Capital LLC bought a new position in Ethan Allen Interiors in the 2nd quarter valued at $29,000. nVerses Capital LLC purchased a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at $92,000. Meeder Asset Management Inc. increased its holdings in shares of Ethan Allen Interiors by 2,366.0% in the first quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company's stock worth $176,000 after purchasing an additional 4,874 shares during the period. Finally, Cim LLC purchased a new stake in shares of Ethan Allen Interiors in the first quarter worth $216,000. Institutional investors own 83.80% of the company's stock.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,708,905 shares in the company, valued at $54,240,644.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 30,000 shares of company stock worth $929,700 over the last ninety days. 10.48% of the stock is owned by corporate insiders.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock traded up $0.77 during midday trading on Wednesday, hitting $28.75. 435,282 shares of the company's stock were exchanged, compared to its average volume of 233,941. Ethan Allen Interiors Inc. has a 52-week low of $25.33 and a 52-week high of $35.62. The stock has a 50-day moving average price of $30.36 and a two-hundred day moving average price of $29.64. The company has a market cap of $731.11 million, a P/E ratio of 11.64 and a beta of 1.27.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.43%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors's payout ratio is 63.16%.

Analyst Upgrades and Downgrades

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

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.