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

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

Several other hedge funds have also recently modified their holdings of the business. Miller Howard Investments Inc. NY lifted its position in shares of 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 purchasing an additional 371 shares during the period. Unison Advisors LLC lifted its position in shares of 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 during the period. SummerHaven Investment Management LLC lifted its position in shares of 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 during the period. The Manufacturers Life Insurance Company lifted its position in shares of 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 during the period. Finally, Cim LLC lifted its position in shares of 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 during the period. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Up 0.7 %

NYSE:ETD opened at $30.73 on Thursday. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62. The firm has a 50 day moving average of $30.02 and a 200 day moving average of $29.57. The stock 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 company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a yield of 5.08%. Ethan Allen Interiors’s payout ratio is 63.16%.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the transaction, the chief executive officer now owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. This represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 30,000 shares of company stock valued at $913,800 over the last 90 days. Insiders own 10.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued 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 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.