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:BSET – Get 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

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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.