Bridgeway Capital Management Inc. Boosts Stake in Bassett Furniture Industries Inc. (BSET)

Bridgeway Capital Management Inc. increased its holdings in Bassett Furniture Industries Inc. (NASDAQ:BSET) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 140,803 shares of the company’s stock after buying an additional 7,344 shares during the period. Bridgeway Capital Management Inc. owned about 1.32% of Bassett Furniture Industries worth $2,992,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Bassett Furniture Industries by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 903,484 shares of the company’s stock valued at $19,199,000 after buying an additional 9,283 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Bassett Furniture Industries by 6.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 872,374 shares of the company’s stock valued at $18,538,000 after buying an additional 49,665 shares during the period. BlackRock Inc. boosted its holdings in shares of Bassett Furniture Industries by 2.2% in the 3rd quarter. BlackRock Inc. now owns 754,372 shares of the company’s stock valued at $16,030,000 after buying an additional 16,194 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Bassett Furniture Industries by 17.2% in the 2nd quarter. Renaissance Technologies LLC now owns 719,999 shares of the company’s stock valued at $19,836,000 after buying an additional 105,599 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of Bassett Furniture Industries by 6.7% in the 3rd quarter. Gabelli Funds LLC now owns 283,400 shares of the company’s stock valued at $6,022,000 after buying an additional 17,900 shares during the period. 72.93% of the stock is owned by institutional investors and hedge funds.

In other news, Director John R. Belk acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The shares were purchased at an average cost of $20.99 per share, for a total transaction of $314,850.00. Following the transaction, the director now directly owns 16,109 shares in the company, valued at approximately $338,127.91. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Belk acquired 3,306 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The stock was purchased at an average price of $20.99 per share, for a total transaction of $69,392.94. Following the completion of the transaction, the director now owns 16,109 shares in the company, valued at $338,127.91. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Several research analysts have recently commented on BSET shares. BidaskClub raised shares of Bassett Furniture Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. Stifel Nicolaus cut their price objective on shares of Bassett Furniture Industries from $29.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, September 28th. ValuEngine downgraded shares of Bassett Furniture Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Bassett Furniture Industries presently has an average rating of “Hold” and an average target price of $33.00.

Shares of NASDAQ:BSET opened at $21.03 on Monday. The stock has a market capitalization of $223.73 million, a P/E ratio of 16.69 and a beta of 0.86. Bassett Furniture Industries Inc. has a fifty-two week low of $18.86 and a fifty-two week high of $40.30.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings data on Thursday, September 27th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.14). The firm had revenue of $112.96 million during the quarter. Bassett Furniture Industries had a net margin of 2.47% and a return on equity of 7.07%. On average, equities analysts predict that Bassett Furniture Industries Inc. will post 1.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.50 annualized dividend and a yield of 2.38%. Bassett Furniture Industries’s dividend payout ratio is presently 31.65%.

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Bassett Furniture Industries Profile

Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States. The company operates in three segments: Wholesale, Retail, and Logistical Services. It is involved in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings (BHF) retail stores, as well as independent furniture retailers; and wood and upholstery operations.

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Institutional Ownership by Quarter for Bassett Furniture Industries (NASDAQ:BSET)

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