Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,100 shares of the company's stock after selling 41,245 shares during the period. LSV Asset Management owned approximately 1.00% of Bassett Furniture Industries worth $1,218,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC boosted 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 valued at $367,000 after buying an additional 1,135 shares during the last quarter. Barclays PLC increased its stake in shares of Bassett Furniture Industries by 51.9% in the third quarter. Barclays PLC now owns 10,124 shares of the company's stock worth $146,000 after buying an additional 3,459 shares during the last quarter. Aristides Capital LLC raised its holdings in Bassett Furniture Industries by 16.0% in the fourth quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock valued at $596,000 after acquiring an additional 5,935 shares in the last quarter. FourThought Financial Partners LLC bought a new position in Bassett Furniture Industries during the 4th quarter valued at $180,000. Finally, Truffle Hound Capital LLC acquired a new position in Bassett Furniture Industries during the 4th quarter worth $2,766,000. 54.40% of the stock is currently owned by institutional investors and hedge funds.

Bassett Furniture Industries Trading Down 0.5 %

NASDAQ BSET traded down $0.10 on Friday, hitting $18.70. 51,470 shares of the stock traded hands, compared to its average volume of 18,077. The stock has a 50-day moving average of $15.76 and a 200 day moving average of $14.81. Bassett Furniture Industries, Incorporated has a twelve month low of $12.11 and a twelve month high of $19.67. The company has a market capitalization of $162.76 million, a P/E ratio of -17.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $79.71 million. During the same period in the previous year, the business earned ($0.14) EPS. As a group, equities research analysts expect that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current year.

Bassett Furniture Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. Bassett Furniture Industries's payout ratio is currently -106.67%.

Analysts Set New Price Targets

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

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.