RBF Capital LLC Has $1.85 Million Position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

RBF Capital LLC decreased its position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 134,049 shares of the company’s stock after selling 1,408 shares during the period. RBF Capital LLC’s holdings in Bassett Furniture Industries were worth $1,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Truffle Hound Capital LLC bought a new stake in shares of Bassett Furniture Industries during the fourth quarter valued at approximately $2,766,000. FourThought Financial Partners LLC acquired a new stake in Bassett Furniture Industries during the fourth quarter worth $180,000. Aristides Capital LLC raised its stake 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 valued at $596,000 after buying an additional 5,935 shares in the last quarter. Barclays PLC lifted its holdings in shares of Bassett Furniture Industries by 51.9% during the 3rd quarter. Barclays PLC now owns 10,124 shares of the company’s stock worth $146,000 after acquiring an additional 3,459 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Bassett Furniture Industries by 4.5% during the 4th quarter. Empowered Funds LLC now owns 26,554 shares of the company’s stock worth $367,000 after acquiring an additional 1,135 shares during the period. Institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Trading Up 1.8 %

Shares of BSET opened at $17.68 on Wednesday. The stock has a 50 day simple moving average of $15.88 and a 200-day simple moving average of $14.85. The stock has a market cap of $153.89 million, a PE ratio of -16.07, a PEG ratio of 1.29 and a beta of 1.35. Bassett Furniture Industries, Incorporated has a 1 year low of $12.11 and a 1 year high of $19.67.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.19. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. The company had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $79.71 million. During the same period last year, the business earned ($0.14) earnings per share. On average, sell-side analysts forecast that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current fiscal year.

Bassett Furniture Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 4.52%. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -106.67%.

Analysts Set New Price Targets

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

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.