Bassett Furniture Industries (NASDAQ:BSET) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.34 and traded as high as $17.28. Bassett Furniture Industries shares last traded at $16.40, with a volume of 17,818 shares.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Bassett Furniture Industries from a "hold" rating to a "buy" rating in a report on Friday, January 31st.

Bassett Furniture Industries Stock Up 0.7%

The firm has a 50 day moving average of $16.76 and a 200-day moving average of $15.37. The firm has a market capitalization of $139.61 million, a P/E ratio of -14.66, a PEG ratio of 1.29 and a beta of 1.26.

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

Bassett Furniture Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.20 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 4.99%. Bassett Furniture Industries's dividend payout ratio (DPR) is presently -106.67%.

Institutional Trading of Bassett Furniture Industries

Hedge funds have recently bought and sold shares of the business. Truffle Hound Capital LLC bought a new stake in shares of Bassett Furniture Industries during the fourth quarter worth about $2,766,000. Gate City Capital Management LLC lifted its holdings in shares of Bassett Furniture Industries by 59.7% in the fourth quarter. Gate City Capital Management LLC now owns 147,527 shares of the company's stock valued at $2,040,000 after purchasing an additional 55,130 shares in the last quarter. 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 purchased a new stake in Bassett Furniture Industries in the 4th quarter valued at $180,000. Finally, Aristides Capital LLC grew 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 acquiring an additional 5,935 shares in the last quarter. Institutional investors and hedge funds 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.