Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.10 and traded as high as $15.40. Bassett Furniture Industries shares last traded at $15.40, with a volume of 22,615 shares changing hands.
Analyst Upgrades and Downgrades
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.
Read Our Latest Stock Analysis on Bassett Furniture Industries
Bassett Furniture Industries Stock Down 2.6 %
The company has a market capitalization of $132.99 million, a PE ratio of -13.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.67. The business's 50 day simple moving average is $14.16 and its 200 day simple moving average is $14.14.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.94% and a negative return on equity of 2.44%. On average, analysts anticipate that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal year.
Bassett Furniture Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date is Friday, February 14th. Bassett Furniture Industries's dividend payout ratio is presently -72.73%.
Institutional Trading of Bassett Furniture Industries
Hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Bassett Furniture Industries by 51.9% in 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 shares of Bassett Furniture Industries in the fourth quarter worth approximately $158,000. FourThought Financial Partners LLC purchased a new stake in shares of Bassett Furniture Industries in the fourth quarter worth approximately $180,000. Empowered Funds LLC lifted its position in shares of Bassett Furniture Industries by 5.0% in the third quarter. Empowered Funds LLC now owns 25,419 shares of the company's stock worth $367,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Aristides Capital LLC lifted its position in shares of Bassett Furniture Industries by 16.0% in the fourth quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock worth $596,000 after purchasing an additional 5,935 shares in the last quarter. 54.40% of the stock is owned by hedge funds and other institutional investors.
About Bassett Furniture Industries
(
Get Free Report)
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.
Featured Articles
Before you consider Bassett Furniture Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bassett Furniture Industries wasn't on the list.
While Bassett Furniture Industries currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
