15,697 Shares in Ethan Allen Interiors Inc. (NYSE:ETD) Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. acquired a new position in Ethan Allen Interiors Inc. (NYSE:ETD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,697 shares of the company’s stock, valued at approximately $501,000. Maverick Capital Ltd. owned about 0.06% of Ethan Allen Interiors at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Miller Howard Investments Inc. NY boosted its holdings in Ethan Allen Interiors by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 17,536 shares of the company’s stock worth $489,000 after buying an additional 371 shares during the last quarter. Unison Advisors LLC lifted its stake in Ethan Allen Interiors by 1.4% in the 3rd quarter. Unison Advisors LLC now owns 29,677 shares of the company’s stock worth $946,000 after purchasing an additional 421 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Ethan Allen Interiors by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,740 shares of the company’s stock worth $718,000 after purchasing an additional 537 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Ethan Allen Interiors by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after purchasing an additional 543 shares in the last quarter. Finally, Cim LLC lifted its stake in Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after purchasing an additional 741 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,671,905 shares in the company, valued at $48,100,706.85. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $913,800 over the last quarter. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors Price Performance

ETD opened at $30.73 on Monday. The company’s 50 day simple moving average is $29.97 and its two-hundred day simple moving average is $29.58. Ethan Allen Interiors Inc. has a 1-year low of $26.53 and a 1-year high of $35.62. The firm has a market capitalization of $781.46 million, a price-to-earnings ratio of 12.44 and a beta of 1.27.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given 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 5.08%. Ethan Allen Interiors’s payout ratio is 63.16%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a research note 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.