26,336 Shares in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSETGet Rating) during the third quarter, HoldingsChannel.com reports. The firm bought 26,336 shares of the company’s stock, valued at approximately $413,000.

Other hedge funds have also recently bought and sold shares of the company. Venture Visionary Partners LLC acquired a new stake in Bassett Furniture Industries during the second quarter worth approximately $54,000. Gladius Capital Management LP acquired a new stake in Bassett Furniture Industries during the second quarter worth approximately $61,000. Commonwealth Equity Services LLC acquired a new stake in Bassett Furniture Industries during the second quarter worth approximately $191,000. 1620 Investment Advisors Inc. boosted its position in Bassett Furniture Industries by 8.3% during the second quarter. 1620 Investment Advisors Inc. now owns 12,044 shares of the company’s stock worth $218,000 after acquiring an additional 920 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in Bassett Furniture Industries during the second quarter worth approximately $264,000. Institutional investors and hedge funds own 57.01% of the company’s stock.

Bassett Furniture Industries Stock Down 1.0 %

Shares of BSET opened at $18.11 on Tuesday. The firm has a market cap of $165.82 million, a PE ratio of 2.64, a price-to-earnings-growth ratio of 0.68 and a beta of 1.53. The company’s fifty day moving average is $18.00 and its two-hundred day moving average is $18.79. Bassett Furniture Industries, Incorporated has a fifty-two week low of $13.16 and a fifty-two week high of $24.12.

Bassett Furniture Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, February 10th will be issued a $0.16 dividend. The ex-dividend date is Thursday, February 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.53%. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently 9.34%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BSET shares. TheStreet upgraded shares of Bassett Furniture Industries from a “c+” rating to a “b” rating in a research report on Friday, September 30th. StockNews.com lowered shares of Bassett Furniture Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 19th.

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.

Further Reading

Want to see what other hedge funds are holding BSET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bassett Furniture Industries, Incorporated (NASDAQ:BSETGet Rating).

Institutional Ownership by Quarter for Bassett Furniture Industries (NASDAQ:BSET)

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