FourThought Financial Partners LLC Acquires New Shares in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

FourThought Financial Partners LLC bought a new position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,047 shares of the company’s stock, valued at approximately $180,000. FourThought Financial Partners LLC owned 0.15% of Bassett Furniture Industries as of its most recent SEC filing.

Separately, Barclays PLC lifted its holdings in shares of 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 in the last quarter. 54.40% of the stock is owned by institutional investors and hedge funds.

Bassett Furniture Industries Price Performance

BSET opened at $15.55 on Thursday. Bassett Furniture Industries, Incorporated has a one year low of $12.10 and a one year high of $15.96. The firm has a market capitalization of $136.65 million, a P/E ratio of -14.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.67. The company has a fifty day moving average price of $14.24 and a 200-day moving average price of $14.22.

Bassett Furniture Industries (NASDAQ:BSET) last posted its earnings results 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 return on equity of 2.44% and a negative net margin of 2.94%. On average, analysts expect that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current year.

Bassett Furniture Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries’s payout ratio is -72.73%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of 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.