Gamco Investors INC. ET AL Sells 900 Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Gamco Investors INC. ET AL decreased its stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,577 shares of the company’s stock after selling 900 shares during the period. Gamco Investors INC. ET AL owned approximately 6.47% of Bassett Furniture Industries worth $7,877,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in Bassett Furniture Industries by 51.9% in the third quarter. Barclays PLC now owns 10,124 shares of the company’s stock worth $146,000 after buying an additional 3,459 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in Bassett Furniture Industries during the fourth quarter valued at approximately $180,000. Empowered Funds LLC increased its holdings in Bassett Furniture Industries by 4.5% during the fourth quarter. Empowered Funds LLC now owns 26,554 shares of the company’s stock valued at $367,000 after buying an additional 1,135 shares during the last quarter. Aristides Capital LLC raised its position in Bassett Furniture Industries by 16.0% in the fourth 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 period. Finally, Truffle Hound Capital LLC bought a new position in Bassett Furniture Industries in the 4th quarter worth $2,766,000. Institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Stock Performance

Shares of BSET opened at $18.80 on Thursday. The company’s fifty day moving average is $15.57 and its 200 day moving average is $14.74. The stock has a market capitalization of $163.64 million, a PE ratio of -17.09, a P/E/G ratio of 1.29 and a beta of 1.35. Bassett Furniture Industries, Incorporated has a fifty-two week low of $12.11 and a fifty-two week high of $18.89.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.19. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. The company had revenue of $82.16 million for the quarter, compared to analyst estimates of $79.71 million. During the same period in the prior year, the company posted ($0.14) EPS. As a group, research analysts forecast that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current year.

Bassett Furniture Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.20 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.80 annualized dividend and a yield of 4.26%. Bassett Furniture Industries’s dividend payout ratio (DPR) is currently -106.67%.

Analyst Ratings Changes

Separately, StockNews.com raised Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note 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.