Short Interest in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Increases By 44.0%

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 49,100 shares, a growth of 44.0% from the April 30th total of 34,100 shares. Based on an average trading volume of 24,000 shares, the short-interest ratio is presently 2.0 days. Approximately 0.7% of the company's stock are sold short.

Institutional Trading of Bassett Furniture Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSET. Empowered Funds LLC boosted 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 valued at $367,000 after buying an additional 1,135 shares during the last quarter. FourThought Financial Partners LLC bought a new position in shares of Bassett Furniture Industries during the 4th quarter worth approximately $180,000. Truffle Hound Capital LLC bought a new position in shares of Bassett Furniture Industries during the 4th quarter worth approximately $2,766,000. Aristides Capital LLC boosted its stake in shares of Bassett Furniture Industries by 16.0% in the 4th quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock worth $596,000 after buying an additional 5,935 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Bassett Furniture Industries in the fourth quarter valued at approximately $158,000. 54.40% of the stock is owned by institutional investors.

Bassett Furniture Industries Trading Down 0.9%

NASDAQ BSET traded down $0.14 on Wednesday, hitting $16.05. 19,097 shares of the company were exchanged, compared to its average volume of 19,051. The company has a market cap of $139.70 million, a PE ratio of -14.59, a PEG ratio of 1.29 and a beta of 1.26. The stock has a fifty day moving average of $16.86 and a 200-day moving average of $15.43. Bassett Furniture Industries has a 12 month low of $12.11 and a 12 month high of $19.67.

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

Bassett Furniture Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 4.98%. Bassett Furniture Industries's dividend payout ratio (DPR) is currently -106.67%.

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.