Bassett Furniture Industries, Incorporated (NASDAQ:BSET) insider John E. Bassett III sold 2,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $40.25, for a total value of $80,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) traded down 0.76% on Monday, reaching $39.15. The company had a trading volume of 22,145 shares. The company has a 50 day moving average of $37.63 and a 200-day moving average of $34.12. The company has a market capitalization of $420.28 million, a P/E ratio of 22.87 and a beta of 1.12. Bassett Furniture Industries, Incorporated has a 52 week low of $22.55 and a 52 week high of $41.30.

Bassett Furniture Industries, (NASDAQ:BSET) last announced its quarterly earnings results on Thursday, September 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The company had revenue of $114.30 million during the quarter, compared to the consensus estimate of $110.65 million. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. Bassett Furniture Industries,’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. Analysts predict that Bassett Furniture Industries, Incorporated will post $1.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 9th. Bassett Furniture Industries,’s dividend payout ratio (DPR) is 25.73%.

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Several research analysts recently issued reports on BSET shares. ValuEngine raised Bassett Furniture Industries, from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered Bassett Furniture Industries, from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus upped their target price on Bassett Furniture Industries, from $28.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research lowered Bassett Furniture Industries, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 29th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Bassett Furniture Industries, by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 483,465 shares of the company’s stock worth $13,005,000 after buying an additional 3,978 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Bassett Furniture Industries, by 2.8% during the 1st quarter. Prudential Financial Inc. now owns 30,578 shares of the company’s stock worth $822,000 after buying an additional 835 shares during the last quarter. LSV Asset Management lifted its holdings in Bassett Furniture Industries, by 102.2% during the 2nd quarter. LSV Asset Management now owns 8,900 shares of the company’s stock worth $337,000 after buying an additional 4,499 shares during the last quarter. American International Group Inc. lifted its holdings in Bassett Furniture Industries, by 7.0% during the 1st quarter. American International Group Inc. now owns 6,329 shares of the company’s stock worth $170,000 after buying an additional 414 shares during the last quarter. Finally, Cadence Capital Management LLC purchased a new stake in Bassett Furniture Industries, during the 2nd quarter worth about $1,187,000. 71.85% of the stock is owned by institutional investors.

Bassett Furniture Industries, Company Profile

Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.

Insider Buying and Selling by Quarter for Bassett Furniture Industries, (NASDAQ:BSET)

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