LSV Asset Management Has $3.36 Million Stock Holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

LSV Asset Management decreased its position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 202,582 shares of the company’s stock after selling 15,218 shares during the period. LSV Asset Management’s holdings in Bassett Furniture Industries were worth $3,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in Bassett Furniture Industries by 177.4% during the third quarter. Janney Montgomery Scott LLC now owns 44,842 shares of the company’s stock worth $657,000 after buying an additional 28,679 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Bassett Furniture Industries by 1.6% in the third quarter. Gamco Investors INC. ET AL now owns 598,277 shares of the company’s stock worth $8,765,000 after purchasing an additional 9,172 shares in the last quarter. Inspire Advisors LLC lifted its stake in Bassett Furniture Industries by 24.6% during the third quarter. Inspire Advisors LLC now owns 18,418 shares of the company’s stock worth $270,000 after purchasing an additional 3,641 shares during the period. Finally, Barclays PLC boosted its holdings in Bassett Furniture Industries by 42.6% during the third quarter. Barclays PLC now owns 9,502 shares of the company’s stock valued at $140,000 after purchasing an additional 2,837 shares in the last quarter. 54.40% of the stock is currently owned by institutional investors.

Bassett Furniture Industries Stock Down 0.3 %

Shares of Bassett Furniture Industries stock opened at $14.14 on Thursday. The stock has a market capitalization of $124.84 million, a P/E ratio of -21.10, a price-to-earnings-growth ratio of 2.84 and a beta of 1.70. Bassett Furniture Industries, Incorporated has a 12-month low of $13.02 and a 12-month high of $17.89. The company has a 50-day simple moving average of $14.39 and a 200 day simple moving average of $15.39.

Bassett Furniture Industries (NASDAQ:BSET) last posted its earnings results on Wednesday, April 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.15). The firm had revenue of $86.55 million during the quarter, compared to the consensus estimate of $91.48 million. Bassett Furniture Industries had a negative net margin of 1.57% and a negative return on equity of 0.64%. On average, equities analysts anticipate that Bassett Furniture Industries, Incorporated will post 0.31 earnings per share for the current year.

Bassett Furniture Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.18 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.09%. Bassett Furniture Industries’s dividend payout ratio is -107.46%.

Analysts Set New Price Targets

Separately, StockNews.com cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 6th.

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.