Gate City Capital Management LLC Has $2.04 Million Stock Holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Gate City Capital Management LLC lifted its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) by 59.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 147,527 shares of the company's stock after purchasing an additional 55,130 shares during the quarter. Bassett Furniture Industries comprises 1.2% of Gate City Capital Management LLC's holdings, making the stock its 14th biggest position. Gate City Capital Management LLC owned approximately 1.68% of Bassett Furniture Industries worth $2,040,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Bassett Furniture Industries during the 4th quarter worth approximately $158,000. Aristides Capital LLC raised its stake in shares of Bassett Furniture Industries by 16.0% during the 4th quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock worth $596,000 after purchasing an additional 5,935 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in shares of Bassett Furniture Industries during the 4th quarter worth approximately $2,766,000. FourThought Financial Partners LLC bought a new stake in shares of Bassett Furniture Industries during the 4th quarter worth approximately $180,000. Finally, Empowered Funds LLC raised its stake in shares of Bassett Furniture Industries by 4.5% during the 4th quarter. Empowered Funds LLC now owns 26,554 shares of the company's stock worth $367,000 after purchasing an additional 1,135 shares in the last quarter. Institutional investors and hedge funds own 54.40% of the company's stock.

Bassett Furniture Industries Stock Performance

BSET traded down $0.30 during trading hours on Monday, reaching $17.32. The company's stock had a trading volume of 33,874 shares, compared to its average volume of 18,903. Bassett Furniture Industries, Incorporated has a 52 week low of $12.11 and a 52 week high of $19.67. The company's 50-day moving average is $16.47 and its 200-day moving average is $15.18. The firm has a market cap of $150.75 million, a PE ratio of -15.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.26.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $0.21 earnings per share 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 business had revenue of $82.16 million for the quarter, compared to analysts' expectations of $79.71 million. During the same quarter in the prior year, the business earned ($0.14) EPS. Equities analysts anticipate that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Friday, May 16th. Bassett Furniture Industries's payout ratio is -106.67%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Bassett Furniture Industries from a "hold" rating to a "buy" rating in a research note on Friday, January 31st.

About Bassett Furniture Industries

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.