Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) released its earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09, Zacks reports. Bassett Furniture Industries had a negative net margin of 2.04% and a negative return on equity of 0.68%. During the same period last year, the business earned ($0.19) EPS.
Bassett Furniture Industries Trading Up 4.7%
BSET stock traded up $0.77 during midday trading on Wednesday, hitting $16.99. The stock had a trading volume of 91,410 shares, compared to its average volume of 23,144. The business has a fifty day moving average price of $16.42 and a two-hundred day moving average price of $15.62. Bassett Furniture Industries has a 1-year low of $12.11 and a 1-year high of $19.67. The firm has a market cap of $147.81 million, a P/E ratio of -22.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.19.
Hedge Funds Weigh In On Bassett Furniture Industries
Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its holdings in shares of Bassett Furniture Industries by 87.9% during the first quarter. Jane Street Group LLC now owns 21,454 shares of the company's stock valued at $327,000 after purchasing an additional 10,037 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Bassett Furniture Industries by 97.4% during the first quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company's stock valued at $379,000 after purchasing an additional 12,258 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Bassett Furniture Industries by 7.9% during the first quarter. Empowered Funds LLC now owns 28,643 shares of the company's stock valued at $437,000 after purchasing an additional 2,089 shares during the period. Institutional investors and hedge funds own 54.40% of the company's stock.
Bassett Furniture Industries Company Profile
(
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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.
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