Bassett Furniture Industries, Incorporated ( – ) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 40,500 shares, a growth of 171.8% from the May 15th total of 14,900 shares. Based on an average daily trading volume, of 15,000 shares, the short-interest ratio is presently 2.7 days. Approximately 0.5% of the company’s stock are short sold.
Bassett Furniture Industries Price Performance
Shares of opened at $13.99 on Thursday. The firm has a market capitalization of $123.53 million, a P/E ratio of -20.88, a P/E/G ratio of 3.83 and a beta of 1.68. Bassett Furniture Industries has a 52 week low of $13.02 and a 52 week high of $17.89. The firm’s 50 day moving average is $14.02 and its two-hundred day moving average is $15.13.
Bassett Furniture Industries ( – ) last posted its quarterly earnings data on Wednesday, April 3rd. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.15). The firm had revenue of $86.55 million during the quarter, compared to analyst estimates of $91.48 million. Bassett Furniture Industries had a negative net margin of 1.57% and a negative return on equity of 0.64%. As a group, research analysts expect that Bassett Furniture Industries will post 0.23 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Saturday, April 6th.
Institutional Investors Weigh In On Bassett Furniture Industries
Several large investors have recently modified their holdings of BSET. Barclays PLC boosted its holdings in shares of Bassett Furniture Industries by 42.6% in the third quarter. Barclays PLC now owns 9,502 shares of the company’s stock valued at $140,000 after acquiring an additional 2,837 shares during the period. Inspire Advisors LLC lifted its holdings in shares of Bassett Furniture Industries by 8.0% during the first quarter. Inspire Advisors LLC now owns 11,872 shares of the company’s stock worth $175,000 after purchasing an additional 880 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Bassett Furniture Industries during the fourth quarter worth $218,000. Assenagon Asset Management S.A. acquired a new stake in shares of Bassett Furniture Industries during the first quarter worth $224,000. Finally, Empowered Funds LLC lifted its holdings in shares of Bassett Furniture Industries by 7.5% during the first quarter. Empowered Funds LLC now owns 22,593 shares of the company’s stock worth $333,000 after purchasing an additional 1,575 shares during the period. 54.40% of the stock is owned by institutional investors and hedge funds.
Bassett Furniture Industries Company Profile
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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.
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