Bassett Furniture Industries (NASDAQ:BSET) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.55 and traded as low as $15.38. Bassett Furniture Industries shares last traded at $15.55, with a volume of 49,647 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Bassett Furniture Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bassett Furniture Industries in a research note on Wednesday. Finally, Zacks Research cut shares of Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Bassett Furniture Industries Stock Down 0.4%

The company has a market capitalization of $135.13 million, a PE ratio of 17.28, a PEG ratio of 1.18 and a beta of 1.01. The company’s 50 day moving average is $16.25 and its two-hundred day moving average is $16.55.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings data on Wednesday, October 8th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Bassett Furniture Industries had a net margin of 2.35% and a return on equity of 4.66%. The business had revenue of $80.10 million during the quarter, compared to analyst estimates of $79.89 million. During the same quarter last year, the business earned ($0.52) earnings per share. Analysts forecast that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current year.

Bassett Furniture Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 15th. This represents a $0.80 annualized dividend and a yield of 5.1%. Bassett Furniture Industries’s dividend payout ratio (DPR) is 88.89%.

Insider Buying and Selling

In other Bassett Furniture Industries news, SVP John E. Bassett III sold 2,000 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.56, for a total transaction of $37,120.00. Following the completion of the transaction, the senior vice president owned 50,761 shares in the company, valued at $942,124.16. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bassett Furniture Industries

Institutional investors have recently bought and sold shares of the business. Group One Trading LLC bought a new position in Bassett Furniture Industries during the second quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Bassett Furniture Industries during the 2nd quarter worth about $68,000. JPMorgan Chase & Co. purchased a new position in shares of Bassett Furniture Industries during the 2nd quarter worth about $83,000. New York State Common Retirement Fund purchased a new position in shares of Bassett Furniture Industries during the 2nd quarter worth about $106,000. Finally, Gradient Investments LLC purchased a new position in shares of Bassett Furniture Industries during the 3rd quarter worth about $160,000. Institutional investors own 54.40% of the company’s stock.

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.