Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.33 and traded as high as $15.93. Bassett Furniture Industries shares last traded at $15.74, with a volume of 10,475 shares.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Bassett Furniture Industries from a "hold" rating to a "buy" rating in a research report on Friday, January 31st.
Get Our Latest Analysis on Bassett Furniture Industries
Bassett Furniture Industries Stock Performance
The business has a fifty day simple moving average of $14.49 and a 200 day simple moving average of $14.37. The company has a market cap of $137.09 million, a P/E ratio of -14.18, a P/E/G ratio of 1.29 and a beta of 1.62.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. Equities research 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.13%. The ex-dividend date was Friday, February 14th. Bassett Furniture Industries's dividend payout ratio is presently -72.73%.
Hedge Funds Weigh In On Bassett Furniture Industries
Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC lifted its position in Bassett Furniture Industries by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 25,419 shares of the company's stock valued at $367,000 after purchasing an additional 1,206 shares during the last quarter. Barclays PLC raised its holdings in shares of Bassett Furniture Industries by 51.9% during the third quarter. Barclays PLC now owns 10,124 shares of the company's stock valued at $146,000 after buying an additional 3,459 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Bassett Furniture Industries during the fourth quarter valued at approximately $180,000. Truffle Hound Capital LLC acquired a new position in shares of Bassett Furniture Industries during the fourth quarter worth approximately $2,766,000. Finally, Aristides Capital LLC grew its holdings in Bassett Furniture Industries by 16.0% in the 4th quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock worth $596,000 after buying an additional 5,935 shares in the last quarter. Institutional investors and hedge funds own 54.40% of the company's stock.
About Bassett Furniture Industries
(
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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.
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