Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.31 and traded as low as $16.11. Bassett Furniture Industries shares last traded at $16.26, with a volume of 16,844 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Bassett Furniture Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th.
Check Out Our Latest Analysis on BSET
Bassett Furniture Industries Stock Performance
The stock's fifty day moving average price is $16.58 and its 200-day moving average price is $16.31. The firm has a market cap of $141.30 million, a PE ratio of 56.07, a P/E/G ratio of 1.25 and a beta of 1.15.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last announced its quarterly earnings results on Wednesday, July 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.07. The business had revenue of $84,348 billion during the quarter, compared to the consensus estimate of $82.03 million. Bassett Furniture Industries had a net margin of 0.76% and a return on equity of 1.48%. During the same quarter last year, the firm posted ($0.19) EPS. Sell-side analysts forecast that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal year.
Bassett Furniture Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, August 15th. Bassett Furniture Industries's dividend payout ratio (DPR) is 275.86%.
Insiders Place Their Bets
In other Bassett Furniture Industries news, SVP John E. Bassett III sold 2,000 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $18.56, for a total transaction of $37,120.00. Following the completion of the transaction, the senior vice president directly owned 50,761 shares in the company, valued at approximately $942,124.16. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.30% of the company's stock.
Hedge Funds Weigh In On Bassett Furniture Industries
Several hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC purchased a new position in Bassett Furniture Industries during the 2nd quarter valued at about $30,000. Bridgeway Capital Management LLC increased its holdings in Bassett Furniture Industries by 12.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 79,434 shares of the company's stock valued at $1,207,000 after acquiring an additional 8,747 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Bassett Furniture Industries by 42.4% during the 2nd quarter. Bank of America Corp DE now owns 19,398 shares of the company's stock worth $295,000 after purchasing an additional 5,776 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Bassett Furniture Industries during the 2nd quarter worth about $68,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Bassett Furniture Industries during the 2nd quarter worth about $106,000. 54.40% of the stock is currently owned by hedge funds and other institutional investors.
Bassett Furniture Industries Company Profile
(
Get Free Report)
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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