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

LSV Asset Management lowered its stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,582 shares of the company’s stock after selling 15,218 shares during the quarter. LSV Asset Management owned approximately 2.30% of Bassett Furniture Industries worth $3,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its holdings in Bassett Furniture Industries by 42.6% during the 3rd quarter. Barclays PLC now owns 9,502 shares of the company’s stock worth $140,000 after acquiring an additional 2,837 shares in the last quarter. Inspire Advisors LLC grew its stake in Bassett Furniture Industries by 24.6% in the third quarter. Inspire Advisors LLC now owns 18,418 shares of the company’s stock worth $270,000 after purchasing an additional 3,641 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Bassett Furniture Industries by 177.4% in the third quarter. Janney Montgomery Scott LLC now owns 44,842 shares of the company’s stock valued at $657,000 after buying an additional 28,679 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Bassett Furniture Industries by 1.6% during the third quarter. Gamco Investors INC. ET AL now owns 598,277 shares of the company’s stock valued at $8,765,000 after buying an additional 9,172 shares in the last quarter. Institutional investors own 54.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 6th.

Bassett Furniture Industries Price Performance

BSET stock opened at $14.14 on Thursday. The firm has a fifty day moving average price of $14.39 and a two-hundred day moving average price of $15.39. Bassett Furniture Industries, Incorporated has a 1-year low of $13.02 and a 1-year high of $17.89. The firm has a market cap of $124.84 million, a price-to-earnings ratio of -21.10, a PEG ratio of 2.84 and a beta of 1.70.

Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings data on Wednesday, April 3rd. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.15). Bassett Furniture Industries had a negative net margin of 1.57% and a negative return on equity of 0.64%. The business had revenue of $86.55 million for the quarter, compared to the consensus estimate of $91.48 million. As a group, analysts expect that Bassett Furniture Industries, Incorporated will post 0.31 EPS for the current fiscal year.

Bassett Furniture Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Thursday, May 16th. Bassett Furniture Industries’s dividend payout ratio (DPR) is -107.46%.

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.