1620 Investment Advisors Inc. Lowers Stock Position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

1620 Investment Advisors Inc. lessened its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 31.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,783 shares of the company’s stock after selling 3,994 shares during the period. 1620 Investment Advisors Inc.’s holdings in Bassett Furniture Industries were worth $121,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BSET. Empowered Funds LLC lifted its position in shares of Bassett Furniture Industries by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 25,419 shares of the company’s stock worth $367,000 after purchasing an additional 1,206 shares during the period. Barclays PLC lifted its position in shares of Bassett Furniture Industries by 51.9% in the 3rd quarter. Barclays PLC now owns 10,124 shares of the company’s stock worth $146,000 after purchasing an additional 3,459 shares during the period. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Bassett Furniture Industries in the 4th quarter worth approximately $180,000. Hedge funds and other institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Stock Down 1.3 %

NASDAQ BSET opened at $15.94 on Friday. The firm has a market cap of $140.08 million, a PE ratio of -14.49, a price-to-earnings-growth ratio of 1.29 and a beta of 1.62. The company has a 50 day moving average price of $14.87 and a 200 day moving average price of $14.52. Bassett Furniture Industries, Incorporated has a 52 week low of $12.11 and a 52 week high of $16.20.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.05 by $0.33. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. On average, equities research analysts anticipate that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal year.

Bassett Furniture Industries Announces Dividend

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 dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 5.02%. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -72.73%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

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.