200,000 Shares in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Bought by Truffle Hound Capital LLC

Truffle Hound Capital LLC bought a new stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 200,000 shares of the company's stock, valued at approximately $2,766,000. Bassett Furniture Industries makes up about 1.0% of Truffle Hound Capital LLC's investment portfolio, making the stock its 27th largest position. Truffle Hound Capital LLC owned 2.27% of Bassett Furniture Industries as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC increased its position 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 buying an additional 3,459 shares in the last quarter. Empowered Funds LLC increased 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 valued at $367,000 after acquiring an additional 1,135 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in shares of Bassett Furniture Industries in the 4th quarter worth about $180,000. 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 research report on Friday, January 31st.

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Bassett Furniture Industries Price Performance

NASDAQ BSET traded down $0.24 during mid-day trading on Tuesday, reaching $15.74. The stock had a trading volume of 7,757 shares, compared to its average volume of 16,450. The stock has a market cap of $138.32 million, a PE ratio of -14.31, a price-to-earnings-growth ratio of 1.29 and a beta of 1.62. Bassett Furniture Industries, Incorporated has a 1 year low of $12.11 and a 1 year high of $16.20. The company has a fifty day moving average price of $14.91 and a 200 day moving average price of $14.54.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last posted 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 2.44% and a negative net margin of 2.94%. As a group, equities research analysts expect that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current year.

Bassett Furniture Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 5.08%. Bassett Furniture Industries's dividend payout ratio (DPR) is -72.73%.

Bassett Furniture Industries Company 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.