Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 0.2% in the fourth quarter, Holdings Channel reports. The firm owned 569,577 shares of the company’s stock after selling 900 shares during the period. Gamco Investors INC. ET AL owned about 0.06% of Bassett Furniture Industries worth $7,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Bassett Furniture Industries by 51.9% during the 3rd quarter. Barclays PLC now owns 10,124 shares of the company’s stock valued at $146,000 after purchasing an additional 3,459 shares during the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of Bassett Furniture Industries during the fourth quarter worth about $180,000. Empowered Funds LLC lifted its holdings in shares of Bassett Furniture Industries by 4.5% during the fourth quarter. Empowered Funds LLC now owns 26,554 shares of the company’s stock worth $367,000 after purchasing an additional 1,135 shares during the period. Aristides Capital LLC boosted its position in Bassett Furniture Industries by 16.0% in the fourth quarter. Aristides Capital LLC now owns 43,111 shares of the company’s stock valued at $596,000 after buying an additional 5,935 shares during the last quarter. Finally, Truffle Hound Capital LLC acquired a new position in Bassett Furniture Industries in the 4th quarter worth approximately $2,766,000. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a report on Friday, January 31st.

Bassett Furniture Industries Stock Up 10.7 %

Bassett Furniture Industries stock opened at $18.80 on Thursday. The business’s 50-day moving average price is $15.57 and its 200 day moving average price is $14.74. The firm has a market cap of $163.64 million, a price-to-earnings ratio of -17.09, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. Bassett Furniture Industries, Incorporated has a 52 week low of $12.11 and a 52 week high of $18.89.

Bassett Furniture Industries (NASDAQ:BSET) last posted its earnings results on Wednesday, April 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.19. The business had revenue of $82.16 million for the quarter, compared to analyst estimates of $79.71 million. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. During the same period in the prior year, the company posted ($0.14) EPS. Equities analysts expect that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current year.

Bassett Furniture Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Friday, May 16th. Bassett Furniture Industries’s dividend payout ratio is presently -106.67%.

Bassett Furniture Industries Profile

Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.