Dimensional Fund Advisors Cuts Ethan Allen Stake to 7.7%

TL;DR

**Dimensional Fund Advisors just trimmed its Ethan Allen stake to 7.7%.**

AI Summary

Dimensional Fund Advisors LP, a Delaware Limited Partnership, filed an amended SC 13G/A on February 9, 2024, disclosing its ownership in Ethan Allen Interiors Inc. As of December 29, 2023, Dimensional Fund Advisors LP beneficially owned 2,031,847 shares of Ethan Allen's Common Stock, representing 7.7% of the company. This is a decrease from their previous reported ownership, indicating they have sold some shares, which could signal a slight loss of confidence in the stock's short-term prospects.

Why It Matters

This filing shows a significant institutional investor, Dimensional Fund Advisors LP, has reduced its stake in Ethan Allen Interiors Inc., which could be interpreted as a bearish signal by other investors.

Risk Assessment

Risk Level: medium — A major institutional investor reducing its stake can indicate a perceived increase in risk or a decrease in future growth potential for the company.

Analyst Insight

Investors should note that a significant institutional holder has reduced its stake, which might warrant further research into Ethan Allen's recent performance and outlook before making investment decisions.

Key Numbers

• 2,031,847 — shares beneficially owned (the total number of shares of Ethan Allen Interiors Inc. Common Stock owned by Dimensional Fund Advisors LP)
• 7.7% — percentage of class (the percentage of Ethan Allen Interiors Inc. Common Stock owned by Dimensional Fund Advisors LP)

Key Players & Entities

• Dimensional Fund Advisors LP (company) — the reporting person who filed the SC 13G/A
• Ethan Allen Interiors Inc (company) — the subject company whose shares are being reported
• Delaware (company) — place of organization for Dimensional Fund Advisors LP
• December 29, 2023 (date) — date of the event requiring the filing
• February 9, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Other institutional investors may review their positions in Ethan Allen Interiors Inc. following Dimensional Fund Advisors LP's reduction. (Ethan Allen Interiors Inc.) — medium confidence, target: next 3-6 months

FAQ

From the Filing

0000354204-24-003173.txt : 20240209 0000354204-24-003173.hdr.sgml : 20240209 20240209095909 ACCESSION NUMBER: 0000354204-24-003173 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ETHAN ALLEN INTERIORS INC CENTRAL INDEX KEY: 0000896156 STANDARD INDUSTRIAL CLASSIFICATION: WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) [2511] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 061275288 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45041 FILM NUMBER: 24612382 BUSINESS ADDRESS: STREET 1: ETHAN ALLEN DR STREET 2: PO BOX 1966 CITY: DANBURY STATE: CT ZIP: 06811 BUSINESS PHONE: 2037438000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DIMENSIONAL FUND ADVISORS LP CENTRAL INDEX KEY: 0000354204 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 222370029 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: (512) 306-7400 MAIL ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 FORMER COMPANY: FORMER CONFORMED NAME: DIMENSIONAL FUND ADVISORS INC DATE OF NAME CHANGE: 19920929 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7 ) * Ethan Allen Interiors Inc (Name of Issuer) Common Stock (Title of Class of Securities) 297602104 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 297602104 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 2,031,847 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 2,062,972 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,062,972 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.1% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Ethan Allen Interiors Inc (b) Address of Issuer's Principal Executive Offices Ethan Allen Drive, Po Box 1966, Danbury, CT 06811 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 297602104 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Sect