Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,100 shares of the company's stock after selling 41,245 shares during the period. LSV Asset Management owned about 1.00% of Bassett Furniture Industries worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Truffle Hound Capital LLC bought a new position in Bassett Furniture Industries in the fourth quarter worth about $2,766,000. FourThought Financial Partners LLC purchased a new stake in Bassett Furniture Industries during the fourth quarter valued at approximately $180,000. Aristides Capital LLC boosted its stake 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 acquiring an additional 5,935 shares in the last quarter. Barclays PLC boosted its stake in Bassett Furniture Industries by 51.9% in the third quarter. Barclays PLC now owns 10,124 shares of the company's stock valued at $146,000 after acquiring an additional 3,459 shares in the last quarter. Finally, Empowered Funds LLC increased its position 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 in the last quarter. 54.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Bassett Furniture Industries Stock Performance

BSET stock traded down $0.10 during trading on Friday, reaching $18.70. The company had a trading volume of 51,470 shares, compared to its average volume of 18,044. Bassett Furniture Industries, Incorporated has a twelve month low of $12.11 and a twelve month high of $19.67. The company has a market cap of $162.76 million, a price-to-earnings ratio of -17.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. The firm has a 50-day simple moving average of $15.76 and a 200-day simple moving average of $14.80.

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

Bassett Furniture Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.20 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 4.28%. Bassett Furniture Industries's dividend payout ratio is currently -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.