Bassett Furniture Industries Chairman Paul Fulton Acquires 2,000 Shares (BSET)
Bassett Furniture Industries (NASDAQ:BSET) Chairman Paul Fulton bought 2,000 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average cost of $14.39 per share, for a total transaction of $28,780.00. Following the completion of the acquisition, the chairman now directly owns 45,847 shares of the company’s stock, valued at approximately $659,738. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Bassett Furniture Industries (NASDAQ:BSET) traded down 0.21% on Tuesday, hitting $14.23. The stock had a trading volume of 43,417 shares. Bassett Furniture Industries has a 52 week low of $9.42 and a 52 week high of $17.68. The stock has a 50-day moving average of $15.27 and a 200-day moving average of $15.09. The company has a market cap of $155.4 million and a price-to-earnings ratio of 7.61.
Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings results on Thursday, October 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.10. The company had revenue of $77.20 million for the quarter, compared to the consensus estimate of $64.40 million. On average, analysts predict that Bassett Furniture Industries will post $0.44 earnings per share for the current fiscal year.
Separately, analysts at Thomson Reuters/Verus downgraded shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research note to investors on Monday, September 16th.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is a vertically integrated manufacturer, importer and retailer of home furnishings.
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