Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Director Purchases $14,670.00 in Stock

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) Director John Walter Mcdowell bought 1,000 shares of the firm's stock in a transaction on Thursday, April 4th. The stock was purchased at an average cost of $14.67 per share, with a total value of $14,670.00. Following the completion of the acquisition, the director now directly owns 18,463 shares of the company's stock, valued at approximately $270,852.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bassett Furniture Industries Stock Performance

Shares of BSET traded down $0.12 during mid-day trading on Friday, hitting $14.18. 8,037 shares of the company traded hands, compared to its average volume of 17,511. The stock has a 50-day moving average price of $15.24 and a two-hundred day moving average price of $15.54. Bassett Furniture Industries, Incorporated has a 1 year low of $13.30 and a 1 year high of $17.89. The stock has a market cap of $124.94 million, a price-to-earnings ratio of -21.16, a P/E/G ratio of 1.20 and a beta of 1.71.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last announced its earnings results on Thursday, January 25th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.21. Bassett Furniture Industries had a negative net margin of 1.57% and a negative return on equity of 0.64%. The business had revenue of $94.70 million during the quarter, compared to analysts' expectations of $90.61 million. On average, analysts forecast that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current year.

Bassett Furniture Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.72 dividend on an annualized basis and a yield of 5.08%. Bassett Furniture Industries's dividend payout ratio is currently -107.46%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Bassett Furniture Industries from a "hold" rating to a "buy" rating in a report on Friday, March 29th.

Institutional Trading of Bassett Furniture Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in Bassett Furniture Industries by 85.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 23,654 shares of the company's stock valued at $393,000 after buying an additional 10,931 shares during the last quarter. Barclays PLC boosted its position in shares of Bassett Furniture Industries by 17.8% in the fourth quarter. Barclays PLC now owns 11,195 shares of the company's stock worth $186,000 after purchasing an additional 1,693 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Bassett Furniture Industries by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 74,362 shares of the company's stock worth $1,234,000 after purchasing an additional 1,799 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Bassett Furniture Industries in the fourth quarter worth approximately $468,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Bassett Furniture Industries in the fourth quarter worth approximately $218,000. 54.40% of the stock is owned by hedge funds and other institutional investors.

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.