Bassett Furniture Industries (NASDAQ:BSET) Lowered to Buy at StockNews.com

Bassett Furniture Industries (NASDAQ:BSETGet Rating) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, TheStreet raised Bassett Furniture Industries from a “c+” rating to a “b” rating in a research note on Friday, September 30th.

Bassett Furniture Industries Trading Down 1.7 %

Shares of NASDAQ:BSET opened at $18.29 on Thursday. The company has a market cap of $167.46 million, a price-to-earnings ratio of 2.67, a PEG ratio of 0.69 and a beta of 1.53. Bassett Furniture Industries has a 12 month low of $13.16 and a 12 month high of $24.12. The company has a 50-day moving average price of $18.01 and a 200 day moving average price of $18.82.

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 company. Venture Visionary Partners LLC bought a new position in shares of Bassett Furniture Industries during the second quarter valued at approximately $54,000. Gladius Capital Management LP bought a new position in Bassett Furniture Industries in the 2nd quarter valued at $61,000. Royal Bank of Canada increased its stake in Bassett Furniture Industries by 6.7% in the third quarter. Royal Bank of Canada now owns 9,607 shares of the company’s stock worth $150,000 after purchasing an additional 607 shares during the period. Stokes Family Office LLC bought a new stake in shares of Bassett Furniture Industries during the third quarter worth $162,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Bassett Furniture Industries during the second quarter valued at $191,000. 57.01% of the stock is owned by hedge funds and other institutional investors.

Bassett Furniture Industries Company Profile

(Get Rating)

Bassett Furniture Industries, Inc engages in manufacturing, marketing and retailing home furnishings. It operates through the following segments: Wholesale, Retail, and Logistical Services. The Wholesale segment focuses on the design, manufacture, sourcing, sale and distribution of furniture products.

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