Truist Financial Corp lowered its stake in Bassett Furniture Industries, Incorporated ( – ) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,097 shares of the company’s stock after selling 1,000 shares during the quarter. Truist Financial Corp owned approximately 0.18% of Bassett Furniture Industries worth $267,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BSET. Barclays PLC boosted its holdings in shares of Bassett Furniture Industries by 42.6% during the third quarter. Barclays PLC now owns 9,502 shares of the company’s stock worth $140,000 after purchasing an additional 2,837 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Bassett Furniture Industries by 177.4% during the third quarter. Janney Montgomery Scott LLC now owns 44,842 shares of the company’s stock worth $657,000 after purchasing an additional 28,679 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Bassett Furniture Industries by 1.6% during the third quarter. Gamco Investors INC. ET AL now owns 598,277 shares of the company’s stock worth $8,765,000 after purchasing an additional 9,172 shares during the last quarter. Hedge funds and other institutional investors own 54.40% of the company’s stock.
Wall Street Analyst Weigh In
Separately, cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 6th.
Bassett Furniture Industries Trading Up 0.3 %
Shares of opened at $14.11 on Wednesday. The business’s fifty day moving average price is $14.18 and its 200 day moving average price is $15.34. Bassett Furniture Industries, Incorporated has a twelve month low of $13.02 and a twelve month high of $17.89. The stock has a market capitalization of $124.59 million, a P/E ratio of -21.06, a PEG ratio of 3.80 and a beta of 1.70.
Bassett Furniture Industries ( – ) last released its quarterly earnings data on Wednesday, April 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.15). Bassett Furniture Industries had a negative net margin of 1.57% and a negative return on equity of 0.64%. The company had revenue of $86.55 million during the quarter, compared to analysts’ expectations of $91.48 million. As a group, sell-side analysts predict that Bassett Furniture Industries, Incorporated will post 0.23 EPS for the current year.
Bassett Furniture Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Thursday, May 16th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -107.46%.
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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