Truffle Hound Capital LLC Buys New Holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Truffle Hound Capital LLC bought a new stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $2,766,000. Bassett Furniture Industries accounts for approximately 1.0% of Truffle Hound Capital LLC’s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BSET. Empowered Funds LLC raised its stake in Bassett Furniture Industries by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 25,419 shares of the company’s stock valued at $367,000 after purchasing an additional 1,206 shares during the period. Barclays PLC raised its stake in Bassett Furniture Industries by 51.9% during the 3rd quarter. Barclays PLC now owns 10,124 shares of the company’s stock valued at $146,000 after purchasing an additional 3,459 shares during the period. Finally, FourThought Financial Partners LLC bought a new stake in Bassett Furniture Industries during the 4th quarter valued at approximately $180,000. Institutional investors own 54.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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 Price Performance

NASDAQ BSET opened at $15.94 on Friday. The stock has a market capitalization of $140.08 million, a PE ratio of -14.49, a P/E/G ratio of 1.29 and a beta of 1.62. The business has a 50 day simple moving average of $14.87 and a two-hundred day simple moving average of $14.52. Bassett Furniture Industries, Incorporated has a 1-year low of $12.11 and a 1-year high of $16.20.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share for the quarter, beating 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 anticipate that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current fiscal year.

Bassett Furniture Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.02%. The ex-dividend date is Friday, May 16th. Bassett Furniture Industries’s dividend payout ratio is presently -72.73%.

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.