Ritholtz Wealth Management Acquires New Shares in Bassett Furniture Industries, Incorporated $BSET

Ritholtz Wealth Management acquired a new stake in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) in the second quarter, Holdings Channel reports. The institutional investor acquired 15,444 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in Bassett Furniture Industries by 7.9% in the first quarter. Empowered Funds LLC now owns 28,643 shares of the company’s stock valued at $437,000 after purchasing an additional 2,089 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Bassett Furniture Industries by 0.4% in the first quarter. Gamco Investors INC. ET AL now owns 571,777 shares of the company’s stock worth $8,720,000 after acquiring an additional 2,200 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Bassett Furniture Industries by 87.9% in the first quarter. Jane Street Group LLC now owns 21,454 shares of the company’s stock worth $327,000 after acquiring an additional 10,037 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Bassett Furniture Industries by 97.4% in the first quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company’s stock worth $379,000 after acquiring an additional 12,258 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Bassett Furniture Industries by 192.9% in the first quarter. Bank of New York Mellon Corp now owns 71,138 shares of the company’s stock worth $1,085,000 after acquiring an additional 46,847 shares in the last quarter. Institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Stock Performance

NASDAQ:BSET opened at $15.02 on Wednesday. The company has a market cap of $130.46 million, a PE ratio of 16.69, a PEG ratio of 1.17 and a beta of 1.01. Bassett Furniture Industries, Incorporated has a 52-week low of $13.58 and a 52-week high of $19.75. The stock has a 50-day simple moving average of $16.13 and a 200 day simple moving average of $16.55.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Wednesday, October 8th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. Bassett Furniture Industries had a return on equity of 4.67% and a net margin of 2.35%.The business had revenue of $80.10 million during the quarter, compared to the consensus estimate of $79.89 million. During the same period last year, the company earned ($0.52) earnings per share. On average, research analysts predict that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal year.

Bassett Furniture Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.80 annualized dividend and a yield of 5.3%. Bassett Furniture Industries’s dividend payout ratio is 88.89%.

Analyst Ratings Changes

BSET has been the subject of several recent analyst reports. Wall Street Zen downgraded Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Bassett Furniture Industries in a report on Wednesday, October 8th. Sidoti upgraded Bassett Furniture Industries to a “strong-buy” rating in a report on Thursday, October 9th. Finally, Zacks Research downgraded Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Bassett Furniture Industries has an average rating of “Moderate Buy”.

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.