Bassett Furniture Industries (NASDAQ:BSET) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.10 and traded as high as $15.40. Bassett Furniture Industries shares last traded at $15.40, with a volume of 22,615 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating in a report on Friday, January 31st.

Bassett Furniture Industries Price Performance

The company has a market capitalization of $135.52 million, a PE ratio of -14.00, a P/E/G ratio of 1.16 and a beta of 1.67. The business’s 50 day simple moving average is $14.07 and its 200 day simple moving average is $14.10.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.05 by $0.33. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.42%. As a group, analysts anticipate that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current year.

Bassett Furniture Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -72.73%.

Institutional Trading of Bassett Furniture Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Gate City Capital Management LLC lifted its position in Bassett Furniture Industries by 59.7% in the fourth quarter. Gate City Capital Management LLC now owns 147,527 shares of the company’s stock valued at $2,040,000 after buying an additional 55,130 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Bassett Furniture Industries in the 4th quarter valued at approximately $158,000. Aristides Capital LLC lifted its holdings in shares of Bassett Furniture Industries by 16.0% in the 4th quarter. Aristides Capital LLC now owns 43,111 shares of the company’s stock worth $596,000 after acquiring an additional 5,935 shares during the last quarter. Truffle Hound Capital LLC purchased a new position in shares of Bassett Furniture Industries during the 4th quarter worth approximately $2,766,000. Finally, FourThought Financial Partners LLC acquired a new stake in Bassett Furniture Industries in the 4th quarter valued at approximately $180,000. 54.40% of the stock is owned by institutional investors and hedge funds.

About Bassett Furniture Industries

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.