Westhampton Capital LLC Lowers Stake in Bassett Furniture Industries, Incorporated (NASDAQ:BSET)

Westhampton Capital LLC decreased its holdings in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,571 shares of the company’s stock after selling 2,286 shares during the period. Westhampton Capital LLC’s holdings in Bassett Furniture Industries were worth $284,000 as of its most recent SEC filing.

Separately, Barclays PLC increased its position 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 buying an additional 3,459 shares in the last quarter. Institutional investors and hedge funds own 54.40% of the company’s stock.

Bassett Furniture Industries Stock Performance

Shares of NASDAQ BSET opened at $14.19 on Thursday. The company has a market cap of $124.89 million, a PE ratio of -7.28, a P/E/G ratio of 1.08 and a beta of 1.69. The firm’s 50 day moving average price is $14.24 and its 200-day moving average price is $14.02. Bassett Furniture Industries, Incorporated has a 52-week low of $12.10 and a 52-week high of $16.15.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 3.47% and a negative net margin of 5.00%. On average, analysts forecast that Bassett Furniture Industries, Incorporated will post -0.77 earnings per share for the current fiscal year.

Bassett Furniture Industries Announces Dividend

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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries’s payout ratio is presently -41.03%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Bassett Furniture Industries 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.