Bassett Furniture Industries (NASDAQ:BSET) Share Price Crosses Below 200-Day Moving Average - Time to Sell?

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.05 and traded as low as $13.86. Bassett Furniture Industries shares last traded at $13.88, with a volume of 10,315 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Bassett Furniture Industries from a "hold" rating to a "buy" rating in a research note on Friday, January 31st.

Bassett Furniture Industries Stock Up 3.0 %

The firm has a market cap of $133.84 million, a PE ratio of -13.85, a price-to-earnings-growth ratio of 1.16 and a beta of 1.67. The business has a 50-day moving average price of $14.05 and a two-hundred day moving average price of $14.06.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.42% and a negative net margin of 2.94%. On average, equities research analysts predict that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal year.

Bassett Furniture Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.20 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 5.25%. Bassett Furniture Industries's dividend payout ratio is currently -72.73%.

Institutional Investors Weigh In On Bassett Furniture Industries

A number of hedge funds and other institutional investors have recently modified their holdings of BSET. Barclays PLC grew its stake 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 worth $146,000 after purchasing an additional 3,459 shares in the last quarter. Jane Street Group LLC purchased a new stake in Bassett Furniture Industries during the 4th quarter worth about $158,000. FourThought Financial Partners LLC acquired a new position in shares of Bassett Furniture Industries during the 4th quarter worth about $180,000. Empowered Funds LLC increased its holdings in shares of Bassett Furniture Industries by 4.5% in the 4th quarter. Empowered Funds LLC now owns 26,554 shares of the company's stock valued at $367,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Aristides Capital LLC raised its position in shares of Bassett Furniture Industries by 16.0% during the 4th quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock worth $596,000 after acquiring an additional 5,935 shares in the last quarter. 54.40% of the stock is currently owned by institutional investors and hedge funds.

About Bassett Furniture Industries

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.