Bassett Furniture Industries Chairman Paul Fulton Acquires 2,000 Shares (BSET)
Bassett Furniture Industries (NASDAQ:BSET) Chairman Paul Fulton purchased 2,000 shares of the stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average price of $14.07 per share, for a total transaction of $28,140.00. Following the purchase, the chairman now directly owns 51,591 shares in the company, valued at approximately $725,885. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Bassett Furniture Industries (NASDAQ:BSET) traded up 3.85% during mid-day trading on Wednesday, hitting $14.57. The stock had a trading volume of 52,217 shares. Bassett Furniture Industries has a 1-year low of $12.35 and a 1-year high of $17.68. The stock has a 50-day moving average of $15.04 and a 200-day moving average of $14.73. The company has a market cap of $153.5 million and a price-to-earnings ratio of 30.43.
Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings results on Thursday, April 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. Analysts expect that Bassett Furniture Industries will post $0.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, May 13th.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is a vertically integrated manufacturer, importer and retailer of home furnishings.
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