Petrus Trust Company LTA Makes New $609,000 Investment in Ethan Allen Interiors Inc. (NYSE:ETD)

Petrus Trust Company LTA purchased a new position in Ethan Allen Interiors Inc. (NYSE:ETD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,100 shares of the company’s stock, valued at approximately $609,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETD. Millennium Management LLC grew its stake in Ethan Allen Interiors by 2,127.1% in the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after buying an additional 150,409 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of 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 acquiring an additional 77,565 shares during the last quarter. American Century Companies Inc. lifted its holdings 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 worth $15,283,000 after acquiring an additional 72,767 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Ethan Allen Interiors by 88.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 128,091 shares of the company’s stock worth $3,572,000 after acquiring an additional 59,999 shares during the last quarter. Finally, First Dallas Securities Inc. lifted its holdings in shares of Ethan Allen Interiors by 54.0% in the 2nd quarter. First Dallas Securities Inc. now owns 113,228 shares of the company’s stock worth $3,157,000 after acquiring an additional 39,702 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $30.87, for a total transaction of $308,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,698,905 shares in the company, valued at $52,445,197.35. This represents a 0.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 30,000 shares of company stock worth $913,800 in the last three months. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors Stock Performance

Shares of ETD opened at $31.04 on Thursday. The firm has a 50 day moving average price of $29.96 and a 200-day moving average price of $29.61. Ethan Allen Interiors Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $35.62. The firm has a market cap of $789.35 million, a price-to-earnings ratio of 12.57 and a beta of 1.30.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a yield of 5.03%. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

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