Truffle Hound Capital LLC Has $4.55 Million Position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Key Points

• Truffle Hound Capital LLC increased its stake in Bassett Furniture Industries by 49.3%, acquiring an additional 98,520 shares, bringing its total to 298,520 shares.
• Bassett Furniture reported a quarterly EPS of $0.22, exceeding estimates, and revealed a dividend of $0.20 to be paid on August 29th, representing a yield of 5.1%.
• The stock's recent performance indicates a 1.6% decline, with a current market cap of $135.30 million and a PE ratio of 53.69.

Truffle Hound Capital LLC boosted its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) by 49.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 298,520 shares of the company's stock after buying an additional 98,520 shares during the period. Bassett Furniture Industries makes up about 1.6% of Truffle Hound Capital LLC's investment portfolio, making the stock its 17th largest position. Truffle Hound Capital LLC owned about 3.43% of Bassett Furniture Industries worth $4,552,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Bassett Furniture Industries in the 4th quarter worth approximately $158,000. Aristides Capital LLC increased its position in 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 period. Bank of New York Mellon Corp increased its position 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 worth $1,085,000 after buying an additional 46,847 shares during the period. Finally, Gate City Capital Management LLC increased its position in Bassett Furniture Industries by 59.7% in the 4th 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. 54.40% of the stock is owned by institutional investors.

Bassett Furniture Industries Price Performance

Shares of BSET traded up $0.10 on Wednesday, reaching $15.84. 5,139 shares of the stock traded hands, compared to its average volume of 33,617. The firm has a market cap of $137.61 million, a price-to-earnings ratio of 54.60, a P/E/G ratio of 1.20 and a beta of 1.15. Bassett Furniture Industries, Incorporated has a 12 month low of $12.10 and a 12 month high of $19.75. The stock's 50-day moving average price is $16.57 and its 200-day moving average price is $16.14.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $82.03 million. Bassett Furniture Industries had a return on equity of 1.48% and a net margin of 0.76%. During the same period in the previous year, the business posted ($0.19) earnings per share. As a group, equities research 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 business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.80 annualized dividend and a yield of 5.1%. Bassett Furniture Industries's payout ratio is currently 275.86%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Bassett Furniture Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th.

Insider Buying and Selling

In related news, SVP John E. Bassett III sold 2,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $18.56, for a total value of $37,120.00. Following the sale, the senior vice president owned 50,761 shares of the company's stock, valued at $942,124.16. The trade was a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.

Bassett Furniture Industries 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.