Bassett Furniture Industries (NASDAQ:BSET) Shares Cross Above 200-Day Moving Average - Should You Sell?

Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.41 and traded as high as $17.57. Bassett Furniture Industries shares last traded at $16.81, with a volume of 17,928 shares traded.

Bassett Furniture Industries Trading Up 0.3%

The company has a market cap of $141.35 million, a PE ratio of -14.76, a P/E/G ratio of 1.29 and a beta of 1.26. The firm's 50-day simple moving average is $16.86 and its two-hundred day simple moving average is $15.43.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.02 by $0.19. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. The business had revenue of $82.16 million during the quarter, compared to the consensus estimate of $79.71 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. As a group, analysts predict that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current year.

Bassett Furniture Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.93%. Bassett Furniture Industries's payout ratio is currently -106.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSET. Truffle Hound Capital LLC purchased a new position in Bassett Furniture Industries in the 4th quarter valued at about $2,766,000. Gate City Capital Management LLC boosted its stake in Bassett Furniture Industries by 59.7% during the fourth quarter. Gate City Capital Management LLC now owns 147,527 shares of the company's stock worth $2,040,000 after buying an additional 55,130 shares during the period. Bank of New York Mellon Corp increased its holdings in Bassett Furniture Industries by 192.9% in the 1st quarter. Bank of New York Mellon Corp now owns 71,138 shares of the company's stock valued at $1,085,000 after purchasing an additional 46,847 shares during the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of Bassett Furniture Industries in the 4th quarter valued at $180,000. Finally, Goldman Sachs Group Inc. lifted its position 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 worth $379,000 after purchasing an additional 12,258 shares in the last quarter. Hedge funds and other institutional investors own 54.40% of the company's stock.

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.